The Global Economy in Australia: Global Integration and National Economic Policy
- ISBN-10
- 1864487453
- ISBN-13
- 9781864487459
- Category
- Political Science
- Pages
- 277
- Language
- English
- Published
- 1999
- Publisher
- Allen & Unwin Academic
- Authors
- Michael Rafferty, Dick Bryan
Description
"The Global Economy in Australia offers a critical perspective on the processes of global integration, as well as the economic and political consequences for Australia and other smaller developed open economies." "Even though Australia still retains its political and economic sovereignty, the process of globalisation - dictating what is produced, where it is produced and how profitable it is - cannot be resisted by national economic policy. The state can exert some influence, but not to the extent our political leaders would have us believe. The authors argue that while we pursue an economic nationalist ideology, economic policy will continue to fail to deliver its promises. Meanwhile, the growing inequality in distribution of income is having alarming domestic political consequences." "Drawing on a rich store of international trade, finance and investment data, The Global Economy in Australia assesses this ideology of 'the national interest' and argues for a re-evaluation of our national accounting so that we can better understand the divisive processes of globalisation."--BOOK JACKET.Title Summary field provided by Blackwell North America, Inc. All Rights Reserved
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