Economic analysis of the Australian & Hong Kong economies

CONTENTS

INTRODUCTION PAGES 3 - 4
GROSS DOMESTIC PRODUCT PAGES 5 - 6
EXCHANGE RATE PAGES 7 - 9
MONETARY POLICY PAGE 10
INFLATION PAGES 11 - 12
THE FUTURE PAGES 13 - 15
REFERENCES PAGE 16







INTRODUCTION

· AUSTRALIAN ECONOMY
There have been significant changes to Australia's place in the world economy since 1900. From a marked dependence on the United Kingdom for `men, money, and markets' down to the 1950s, where the `lucky country' evolved into a key player in the emerging Asia-Pacific group of dynamic economies by the 1980s. Yet such shifts obscure the fundamental continuities, which have characterised Australian development ever since European settlement began. Australia’s place in the global economy is primarily one of an exporter of primary produce and a heavy borrower.

Australia has always been at the mercy of external elements over which it has little apparent control. Long before the concept of globalisation acquir...