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Globalisation : keeping the gains

 Format: Print  Author/s: Department of Foreign Affairs and Trade  Call Number: HD87 G56 2003  Publisher: Economic Analytical Unit, Dept. of Foreign Affairs and Trade  Place of Publication: Canberra  Date of Publication: 2003  ISBN: 00646422707  Pages: 103  Language: English  Dimension: 25 cm  Tags: AustraliaAustralia -- Economic policy -- 1990-2001Australia -- Economic policy -- 2001-Economic policyGlobalization |
 About the Resource:

This report examines how governments can respond to the challenges open markets bring and ensure societies keep the gains of globalisation. It finds globalisation is good for the world and Australian economies, stimulating growth and reducing poverty. Nevertheless, governments strongly influence the impact open markets have on their societies through the quality of their policies and institutions. Australia has increased its population’s living standards by more than half in two decades showing how a well governed economy can benefit from open markets. Most east Asian governments also have provided the right environment for their populations to respond to global opportunities and hence have grown strongly, driving poverty lower.

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