The growth of Australia's external indebtedness and its policy implications

Parker, Jody. (1987). The growth of Australia's external indebtedness and its policy implications Honours Thesis, School of Economics, The University of Queensland.

       
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Author Parker, Jody.
Thesis Title The growth of Australia's external indebtedness and its policy implications
School, Centre or Institute School of Economics
Institution The University of Queensland
Publication date 1987
Thesis type Honours Thesis
Total pages 125
Language eng
Subjects 14 Economics
Formatted abstract The growth of the world and in particular Australia's external indebtedness has policy implications for us all. The evolution a growing Current Account deficit combined with a build up of foreign debt has meant that Australia's future economic viability could be under threat. If overseas lenders consider the build up of this external debt to be too great, then they may consider Australia to no longer be a safe haven for their investment funds and they will therefore direct their capital elsewhere. If this was to happen the Australian economy would face a dramatic downturn in economic activity, with similar falls in Australians living standards. As such .governments must now take control of the situation and instigate policy measures which will cut our Current Account deficit as well as encouraging domestic savings to replace overseas funds which, although providing investment opportunities currently, p1ace drain on the funds of future generations and therefore on their ability to conduct economic policy making.

 
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