Quarterly Essay 54 Dragon's Tail: The Lucky Country After the China Boom

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Quarterly Essay 54 Dragon's Tail: The Lucky Country After the China Boom by Andrew Charlton.pdf

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Descriptions : In i Dragons Tail i Andrew Charlton explores the supercharged rise of China and considers Australias future as the Chinese dragon stirs and shifts br br Chinas rise has been perhaps the most significant economic event in two centuries occurring times more quickly and on a scale times larger than Britains Industrial Revolution Since Australia has been an essential part of this transformationroviding the raw materials to feed Chinas frantic manufacture of steel vertebrae for everything from cars and trucks to railways apartments and office towers Chinas appetite for resources has made us richer than ever before but it has also drained the competitiveness from many parts of our economy leaving us vulnerable br br In i Dragons Tail i Andrew Charlton shows that Chinas growth model is now reaching its limit and the worlds most populous economy faces a challenging transition Whether China crashes or crashes through this will have dramatic implications for Australia slowing the demand for our resources and forcing us to reassess the foundations of our wealth Charlton looks at ways to revitalise the Australian economy and secure our prosperity in a changing world br br Understanding Chinas growth model helps explain why australia has done so well in the twenty first century But it also explains why at the same time our economic anxiety is reaching a zenith why holden is leaving why the budget is in such an apparent quagmire why house prices are soaring why the dollar is so volatile Chinas growth has brought us a windfall but it is a precarious sort of prosperity Andrew Charlton i Dragons Tail i br br Andrew Charlton is the author of i Ozonomics Fair Trade for All i written with Nobel laureate Joseph Stiglitz and Quarterly Essay i Man Made World i which won the John Button Prize From to he was senior economic adviser to Prime Minister Kevin Rudd He previously worked for the London School of Economics and the United Nations and received his doctorate in economics from Oxford University where he studied as a Rhodes Scholar










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