MARC Record from marc_openlibraries_sanfranciscopubliclibrary

LEADER: 04541cam a2200589 i 4500
001 ocn779097238
003 OCoLC
005 20181016103730.0
008 120227s2013 njuab b 001 0 eng
010 $a2012008056
016 7 $a016168058$2Uk
020 $a9780691154671$q(hardcover)
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020 $a0691171335$q(paperback)
029 1 $aAU@$b000048712246
035 $a(OCoLC)779097238
037 $bPrinceton Univ Pr, C/O Two Rivers Distribution 210 American Dr, Jackson, TN, USA, 38301$nSAN 631-760X
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050 00 $aHD82$b.M3345 2013
082 00 $a338.994$223
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100 1 $aMcLean, Ian W.
245 10 $aWhy Australia prospered :$bthe shifting sources of economic growth /$cIan W. McLean.
264 1 $aPrinceton, New Jersey :$bPrinceton University Press,$c[2013]
300 $axiv, 281 pages :$billustrations, map ;$c24 cm.
336 $atext$btxt$2rdacontent
337 $aunmediated$bn$2rdamedia
338 $avolume$bnc$2rdacarrier
490 1 $aThe Princeton economic history of the Western world
504 $aIncludes bibliographical references and index.
505 0 $aPreface and acknowledgments -- Map -- Introduction : weaving analysis and narrative -- What is to be explained, and how -- Origins : an economy built from scratch? -- Squatting, colonial autocracy, and imperial policies -- Becoming very rich -- Depression, drought, and federation -- A succession of negative shocks -- The pacific war and the second golden age -- Shocks, policy shifts, and another long boom -- The shifting bases of prosperity -- References -- Index.
520 $a"This book is the first comprehensive account of how Australia attained the world's highest living standards within a few decades of European settlement, and how the nation has sustained an enviable level of income to the present. Beginning with the Aboriginal economy at the end of the eighteenth century, Ian McLean argues that Australia's remarkable prosperity across nearly two centuries was reached and maintained by several shifting factors. These included imperial policies, favorable demographic characteristics, natural resource abundance, institutional adaptability and innovation, and growth-enhancing policy responses to major economic shocks, such as war, depression, and resource discoveries. Natural resource abundance in Australia played a prominent role in some periods and faded during others, but overall, and contrary to the conventional view of economists, it was a blessing rather than a curse. McLean shows that Australia's location was not a hindrance when the international economy was centered in the North Atlantic, and became a positive influence following Asia's modernization. Participation in the world trading system, when it flourished, brought significant benefits, and during the interwar period when it did not, Australia's protection of domestic manufacturing did not significantly stall growth. McLean also considers how the country's notorious origins as a convict settlement positively influenced early productivity levels, and how British imperial policies enhanced prosperity during the colonial period. He looks at Australia's recent resource-based prosperity in historical perspective, and reveals striking elements of continuity that have underpinned the evolution of the country's economy since the nineteenth century."--Jacket.
650 0 $aEconomic development$zAustralia.
651 0 $aAustralia$xEconomic policy$y21st century.
830 0 $aPrinceton economic history of the Western world.
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