Buy custom The Impact of Globalisation on the Australian Economy
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| Topic: |
Business
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| Number of pages / Number of words: |
10 / 2555 |
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A prime focus of structural reform has been to ?subject the private sector in Australia to more competition from both domestic and international sources' (Treasury, 1999). Australia has traditionally had high levels of protection, since the 1950's in areas like textiles, clothing and footwear and motor vehicles...
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In the early eighties the effective rate of protection in the TCF industries was in excess of 200% and 57.5% for passenger motor vehicles. While some people would argue that cutting protection will reduce employment. Most industries that were heavily protected during the 1970's and 1980's still suffered losses of employment and were not efficient enough to compete in export markets...
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General points of the essay
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