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December 27, 2005
This is an American cartoon but it increasingly applies to Australia as well:
Nick Anderson
China (manufacturing) and India (services) are seen to be the new economic giants and they will become a new economic hub of the global economy. Australia will snugly fit in as farm and quarry and increasingly import goods from them.
Wonderful says the economists. It will enable Australia to grow dynamically.
China and India will become the knowledge exporters, not Australia. We wil lincreasinly import their knowledge. The Howard Government is not worried though.
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This will be the true legacy of the Howard years.
The return of the Australian economy to complete reliance on agriculture and mining to keep our heads above water.
No ability or desire to shape a more sustainable future.