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A Broader View of the so-called Resource Curse

In light of ESSA’s upcoming Q&A event, this article will explore some of the effects of Australia’s two-speed economy and how it relates to the wider notion of a ‘resource curse’, ultimately branching out to include some of the social and political consequences often befalling countries which own large amounts of natural resources. From a brief overview of Australia’s current macroeconomic situation, the more unsettling aspects of a resource boom will be considered in the context of some developing nations, often regarded as examples of economic and political mismanagement.

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Structural Changes in the Australian Economy: Part 2 – The Two Speed Economy (Q&A special)

Many of you would be aware that ESSA is hosting a Q&A event on the evening of Thursday August 16th, where our brilliant panel will be answering questions on immigration and the two-speed economy. In honour of Q&A, I have decided to continue my series on structural changes (read the first installment here) with an analysis of the two-speed economy. This article attempts to provide a snapshot of the key issues surrounding our two-speed economy and the main policy implications. I also consider some of the potential questions that our panel may be forced to contend with on the night!

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The Dutch Disease and Structural Adjustment – Day 4 of ACE 2012

The focus of my final post will be the first session of the ACE Business Symposium, titled ‘Structural Adjustment: The Dutch Disease and Public Policy in Australia’.

The session opened with a methodical and articulate speech from Professor Max Corden of the University of Melbourne, summarising his findings in a recent paper for the Melbourne Institute[1]. He defined the term ‘Dutch Disease’ as the real appreciation in the home currency, which has both positive and negative effects, depending on the industry.

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