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Australia and the GFC: a pair of star-crossed lovers

Australia and the GFC were fated to never be together, but for more reasons than you might suspect. Kyneton Morris delivers a short analysis of the series of events and conditions that underpin Australia’s successful response to the GFC.

This article first appeared in Short Supply 2017 – check out the full magazine via the Short Supply tab at the top of this page!

Out with the Mining in with the…?

Cynthia explains the history of industry in Australia, and identifies opportunities for the future.

This article first appeared in Short Supply 2015 – check out the full magazine via the Short Supply tab at the top of this page!

Falling Commodity Prices: Riding the Rollercoaster

Mining has propped up the Australian economy for over a decade, but now the boom appears to be over. What can explain this dramatic fall?

This article first appeared in Short Supply 2015 – check out the full magazine via the Short Supply tab at the top of this page!

The economics behind China’s rare earths restriction

Rare earth metals are versatile elements which are central to the modern era and future technological advances.  We commonly recognize their existence through use in things such as iPads, plasma TVs and solar panels. Yet it also has a wide range of applications in other sectors such as industrial/manufacturing use as well as military component production and nuclear medicine, which have then given rise to things like fibre-optic technology, advanced batteries, high tech lasers and so forth. Given its importance in providing a new frontier of innovation in the modern economy, it is no wonder the world is concerned over China’s export quotas and production restrictions that have been in place from 2009 to now. This article will analyse the rationale behind the policy.

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The end of good times? The mining boom re-examined

This article is one of two Q&A specials informing the reader on a topic of economic importance to Australia that was discussed by the panel on the night.

In the past few years Australia has experienced one of the longest and largest increases in the value of the mining sector, seeing it grow to account for approximately 52% of all exports produced by Australia and worth $164 Billion a year[1]. Similarly, mining related investments in Australia now comprise some 40% of all investments undertaken, up from 10% before the boom and accounting for $80 billion a year — more than any other country in the developed world.

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Neville Norman: ESSA Q&A Topics

Australia after the mining boom: what next?

To answer this question, the first thing is to get the descriptions right: The ‘mining boom’ is still going and will be for a long time yet.  It was mainly a boom in commodity prices and profits by value, not huge growth in quantities. That scene now changes as the supply potential of coal and iron ore especially have been expanded.  What slows down in the ratio of mining investment (i.e. capital expenditure) as a percentage of GDP and the production boom now follows.

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Economic zoning – the way forward for Australian prosperity?

This article forms part of an ongoing series looking at economic issues as Australia heads into the Federal Election. More coverage can be found on the Election 2013 page of ESSA’s website.

We are now in the second week of Australia’s (seemingly eternal) election campaign. One of the more interesting policies to emerge from the general ‘I-want-to-make-you-happy-with-money’ guff is Prime Minister Kevin Rudd’s proposal to separate some northern regions of the country into their own ‘economic zone’.

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