Openness and Growth
نویسنده
چکیده
Opening up the Australian economy to international trade has become one of the cornerstones of economic policy over the past decade. Tariff protection and assistance to the manufacturing sector, for instance, have already fallen dramatically and are intended to be reduced to negligible proportions by the end of the century. Whereas average effective rates of assistance were over 20 per cent in 1984, they are currently below ten per cent and are projected to fall to five per cent.1 The volume of trade has expanded rapidly. In 1981, less than 14 per cent of output was produced for export, much the same as the ratio that had been exported in 1970. By 1993, however, the share of exports in GDP had risen above 20 per cent.2 Some two-thirds of the increase in exports went to East Asia, the most rapidly growing region in the world.
منابع مشابه
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