australia’s transition into the global economy

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Australia’s Transition into The Global Economy Australia in the International Economy by Kym Anderson

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Australia’s Transition into The Global Economy. Australia in the International Economy by Kym Anderson. GDP Per Capita Relative to US. Relative Price of Capital. Change in Tariffs. Across the Board Cuts. Assistance to manufacturing fell from 36% to about 5% from the 1970s-90s - PowerPoint PPT Presentation

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Page 1: Australia’s Transition into The Global Economy

Australia’s Transition

into The Global EconomyAustralia in the

International Economy by Kym Anderson

Page 2: Australia’s Transition into The Global Economy

GDP Per Capita Relative to US

Page 3: Australia’s Transition into The Global Economy

Relative Price of Capital

Page 4: Australia’s Transition into The Global Economy

Change in Tariffs

Page 5: Australia’s Transition into The Global Economy

Across the Board Cuts

Assistance to manufacturing fell from 36% to about 5% from the 1970s-90s

Agriculture subsidies fell from 25% in 1970s to below 10% in 2000

Deregulation of Tobacco in 1995, assistance fell from 30% to 2% in 2000

Page 6: Australia’s Transition into The Global Economy

International Trade

Page 7: Australia’s Transition into The Global Economy

International Trade

Page 8: Australia’s Transition into The Global Economy

Trade Ratio, % of GDP

Page 9: Australia’s Transition into The Global Economy

International trade

Page 10: Australia’s Transition into The Global Economy

International Trade

Page 11: Australia’s Transition into The Global Economy

International Trade

Page 12: Australia’s Transition into The Global Economy

Page 13: Australia’s Transition into The Global Economy

Opportunities and Challenges Ahead

Continuing Reform and Globalization

R&D Investment

Increase membership of WTO

Role of Government

Transition to Market Economy (Part II)

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