1. Australia's Economic Objectives - 2016-2017
The first measure is direct Government spending, with a major focus on investment in infrastructure. ... Investment in capital benefits supply-side economics, as production costs are lowered, and goods and services are produced more efficiently. ... While this is much lower than other advanced economies, such as Japan, USA and UK, Australia significantly relies on foreign direct investment. By displaying strong fiscal discipline and pledging to return to surplus, it increases the confidence of foreign investors, resulting in external stability. Increasing the level of national savings also re...
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- Grade Level: Undergraduate