The flexible and productive economy that Hawke and Keating built prepared Australia for good times and bad. The Albanese government needs to do the same.
that Australia’s economy is not productive enough, not competitive enough, and not resilient enough.
Globalisation is faltering, after bringing forth both prosperity and a challenging new global superpower led by an ambitious dictator. Then, as now, there was no end of forecasts of more doom to follow in nuclear conflict, energy collapse and health disaster. Instead, China opened its doors, the Cold War ended, and the age of globalisation and economic moderation began.
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