Development of Australia's economy

The maturement of economies and what drives the economy is different throughout the world. While unaired to strong economies will have a lot of the same(p) factors in what makes their economy a success, there are more or less factors such as climate and regional harvest that toilette change this. In this paper, we will discuss the development of Australias economy and what key factors drive this country. We will pass judgment what historical impacts have played a key federal agency in the development of Australias economy as rise up as the depressions of physical distance on Australias trade and the role that technology plays on commerce. Australias economy is considered to be one of the strongest in the world. Although Australia is similar in size to the unite States, only ten million people are soon in the labor force. After the recession that was experienced in the 1980s, Australia has had over sixteen years of uninterrupted growth. From 1998-2005, Aust ralias has had an one-year growth rate of 3.6 percent. While, Australias economy is dominated by its service arena, agricultural and mining sphere of influences account for over 65 percent of Australias exports. The major agricultural industries found in Australia are: cattle, cotton, fisheries, dairy, food, forestry, horticultural, grain, wool, wine, and sugar.

(http://www.123independenceday.com/australia/economy.html). Tourism is also a key share that drives Australias economy. Overall, Australias economy relies heavily on Construction, Retail, and Tourism. The manufacturing sector of Australia has driven the economy and outperformed other se! ctors that drive its economy. While morphologic changes in the Australian economy combined with increased globalisation and international development have had a deep forcefulness on the size and structure of the sector, manufacturing continues as a of import contributor to GDP, a provider of employment and a seed of export revenue for Australia....If you want to get a wide essay, order it on our website: OrderCustomPaper.com

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