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The European Union’S View Of Australia In Terms Of Trade: What Has Changed Since The 1980'S?

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Issue:

Business

 

Written by:

Richard M

 

Date added:

August 17, 2014

 

Level:

University

 

Grade:

A

 

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9 / 2351

 

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However by the end of the 1970’s it was realised that this policy would not be sustainable as unemployment figures rose from 1.4% in 1970 to 6.5% by 1980 (Macfarlane, I.J. 1998: 7). The economy suffered, as the government maintained control of the economy by direct controls over banks and other financial institutions, coupled with a outdated ‘Tap System’ for financing government spending and protectionist and interventional economic policy (Macfarlane, 1998: 8)...
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1998: 7). The economy suffered, as the government maintained control of the economy by direct controls over banks and other financial institutions, coupled with a outdated ‘Tap System’ for financing government spending and protectionist and interventional economic policy (Macfarlane, 1998: 8). Despite all these shortcomings, international trade continued to grow through the 80’s (ABS, 1988) as the move towards a more liberalised economy started to occur...
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