Development of Australia's economy

The outgrowth of economies and what drives the economy is different throughout the world. While shut 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 appendage that toilette change this. In this paper, we will discuss the development of Australias economy and what key factors drive this country. We will tax what historical impacts have played a key piece in the development of Australias economy as well(p) 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 tie States, only ten million people are shortly 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, Australias has had an one-year growth rate of 3.6 percent. While, Australias economy is dominated by its service arena, agricultural and mining fields 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 component that drives Australias economy. Overall, Australias economy relies heavily on Construction, Retail, and Tourism. The manufacturing sector of Australia has driven the economy and outperf ormed other sectors that drive its economy. ! While morphologic changes in the Australian economy combined with increased globalization and international development have had a deep pitch on the size and structure of the sector, manufacturing continues as a epoch-making contributor to GDP, a provider of employment and a seed of export revenue for Australia....If you want to get a gigantic essay, order it on our website: OrderCustomPaper.com

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