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100   $a20120227d2012      uy             0
101 0 $aeng
135   $aur|||||||||||
181   $ctxt
182   $cc$2rdamedia
183   $acr$2rdacarrier
200 10$aWhy Australia prospered$b[electronic resource] $ethe shifting sources of economic growth /$fIan W. McLean
205   $aCourse Book
210   $aPrinceton, NJ $cPrinceton University Press$d2012
215   $a1 online resource (299 p.)
225 0 $aThe Princeton Economic History of the Western World ;$v43
311 0 $a0-691-17133-5 
311 0 $a0-691-15467-8 
320   $aIncludes bibliographical references and index.
327   $tFront matter --$tContents --$tFigures --$tTables --$tPreface and Acknowledgments --$tMap --$tChapter 1. Introduction: Weaving Analysis and Narrative --$tChapter 2. What Is to Be Explained, and How --$tChapter 3. Origins: An Economy Built from Scratch? --$tChapter 4. Squatting, Colonial Autocracy, and Imperial Policies --$tChapter 5. Becoming Very Rich --$tChapter 6. Depression, Drought, and Federation --$tChapter 7. A Succession of Negative Shocks --$tChapter 8. The Pacific War and the Second Golden Age --$tChapter 9. Shocks, Policy Shift s, and Another Long Boom --$tChapter 10. The Shifting Bases of Prosperity --$tAppendix: Note on Statistics and Sources --$tReferences --$tIndex --$tBackmatter
330   $aThis book is the first comprehensive account of how Australia attained the world's highest living standards within a few decades of European settlement, and how the nation has sustained an enviable level of income to the present. Why Australia Prospered is a fascinating historical examination of how Australia cultivated and sustained economic growth and success. Beginning with the Aboriginal economy at the end of the eighteenth century, Ian McLean argues that Australia's remarkable prosperity across nearly two centuries was reached and maintained by several shifting factors. These included imperial policies, favorable demographic characteristics, natural resource abundance, institutional adaptability and innovation, and growth-enhancing policy responses to major economic shocks, such as war, depression, and resource discoveries. Natural resource abundance in Australia played a prominent role in some periods and faded during others, but overall, and contrary to the conventional view of economists, it was a blessing rather than a curse. McLean shows that Australia's location was not a hindrance when the international economy was centered in the North Atlantic, and became a positive influence following Asia's modernization. Participation in the world trading system, when it flourished, brought significant benefits, and during the interwar period when it did not, Australia's protection of domestic manufacturing did not significantly stall growth. McLean also considers how the country's notorious origins as a convict settlement positively influenced early productivity levels, and how British imperial policies enhanced prosperity during the colonial period. He looks at Australia's recent resource-based prosperity in historical perspective, and reveals striking elements of continuity that have underpinned the evolution of the country's economy since the nineteenth century.
410  4$aThe Princeton Economic History of the Western World
606   $aEconomic development$zAustralia
606   $aEconomics
607   $aAustralia$xEconomic policy$y21st century
610   $aAboriginal economy.
610   $aAboriginals.
610   $aAsian industrialization.
610   $aAustralia.
610   $aAustralian colonies.
610   $aAustralian economy.
610   $aAustralian history.
610   $aBritain.
610   $aBritish government.
610   $aChina.
610   $aEuropean settlement.
610   $aEuropean settlers.
610   $aFirst World War.
610   $aGDP.
610   $aIndia.
610   $aKorean War.
610   $aSecond World War.
610   $aagriculture.
610   $aancient lineage.
610   $acapital flows.
610   $acivilian consumption.
610   $adomestic manufacturing.
610   $adomestic savings.
610   $adrought.
610   $aeconomic fortunes.
610   $aeconomic growth.
610   $aeconomic miracles.
610   $aeconomic prosperity.
610   $aenergy sources.
610   $afarming.
610   $afinancial outlays.
610   $aforeign investment.
610   $afree immigrants.
610   $agold rushes.
610   $agrowth economics.
610   $aimport process.
610   $aincome level.
610   $aindustrialization.
610   $ainstitutional innovation.
610   $ainternational economic order.
610   $alabor force.
610   $aliving standards.
610   $amanufacturing.
610   $amarket-oriented approach.
610   $amineral production.
610   $amining.
610   $amodernization.
610   $anational prosperity.
610   $apastoral development.
610   $aper capita income.
610   $apolicy reforms.
610   $apolitical institutions.
610   $apoor countries.
610   $apostwar economic environment.
610   $apoverty.
610   $aproductivity.
610   $aprosperity.
610   $arich economies.
610   $arich economy.
610   $ashifting basis.
610   $awar outbreak.
610   $awool boom.
610   $awool industry.
610   $aworld depression.
610   $aworld energy.
610   $aworld trading system.
615  0$aEconomic development
615  0$aEconomics.
676   $a338.994
700   $aMcLean$b Ian W$0509035
801  0$bMiAaPQ
801  1$bMiAaPQ
801  2$bMiAaPQ
906   $aBOOK
912   $a9910813695503321
996   $aWhy Australia prospered$94038233
997   $aUNINA