SNAPSHOT OF AUSTRALIAN ECONOMY
In our quest to understand how the world economy works, today we look at Australian economy. Here is what we have found out:
- There have been no reforms in Australia for almost 20 years courtesy of dirty politics
- Australia has never experienced a recession in the last 26 years
- There is plenty of mining resources in Australia but the majority of the residents have not benefited out of it.
- All attempts to introduce economic reforms are either cannibalized or reversed by toxic politics
- Australia has changed Prime Ministers five times since 2007 due to dirty politics (Kevin Rudd, Julia Gillard, Kevin Rudd and Malcolm Turnbull)
- Australia is home to some of the world’s coal and gas reserves in the world
- Education is Australia third largest export despite the fact that the country is trying to pass budget cuts on universities.
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