Comments on: G20: The case for Australia http://www.eastasiaforum.org/2008/11/12/g20-the-case-for-australia/ Economics, Politics and Public Policy in East Asia and the Pacific Sun, 12 Feb 2012 22:50:38 +0000 hourly 1 http://wordpress.org/?v=3.2 By: Khttp://www.eastasiaforum.org/2008/11/12/g20-the-case-for-australia/comment-page-1/#comment-382 K Sun, 23 Nov 2008 21:48:50 +0000 http://eastasiaforum.wordpress.com/?p=2113#comment-382 The commodities boom has deflated, I don't see significant growth for Australia in the future with a lack of a varied economy. Although, it's workforce is quite educated, the lack of a diversified economy will only continue to hurt the Aussies. High wages will also hurt itself in the global marketplace, where there are just as skilled of employees willing to produce more for less. Retail has begin to flat line and a number of large consumer retailers have withdraw itself from the Australian market partly due to competition and lack of robust profit. The weak AU $ will also continue till global growth comes back in the future, however, AUS can not sustain itself with the free fall of it's commodity prices. So I don't see this as a case for AUS at all, at least in the near term. The commodities boom has deflated, I don’t see significant growth for Australia in the future with a lack of a varied economy. Although, it’s workforce is quite educated, the lack of a diversified economy will only continue to hurt the Aussies. High wages will also hurt itself in the global marketplace, where there are just as skilled of employees willing to produce more for less. Retail has begin to flat line and a number of large consumer retailers have withdraw itself from the Australian market partly due to competition and lack of robust profit.

The weak AU $ will also continue till global growth comes back in the future, however, AUS can not sustain itself with the free fall of it’s commodity prices.

So I don’t see this as a case for AUS at all, at least in the near term.

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