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Australia and resources in the Asian century

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  • Garnaut, Ross

Abstract

The Australian Government’s White Paper ‘Australia in the Asian Century’ is the first large-scale official look in the twenty-first century at economic change in Asia and how it affects Australian opportunities and challenges. This paper comments on the analysis embodied in and the objectives defined by the White Paper, especially as it relates to Australian resources. This paper generally endorses the aspirations of the White Paper and notes that their achievement is going to require efforts and changes beyond those that are currently contemplated. It comments briefly on six things: the development context of twenty-first century Asian growth; growth and structural change in Asia and Australia’s terms of trade; macroeconomic management of a resource-intensive Australian economy; restoring productivity growth; excellence in education; and linking Australia to Asian opportunity.

Suggested Citation

  • Garnaut, Ross, 2014. "Australia and resources in the Asian century," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 58(3), July.
    • Handle: RePEc:ags:aareaj:262413
    DOI: 10.22004/ag.econ.262413
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    References listed on IDEAS

    as
    1. Yiping Huang & Tingsong Jiang, 2010. "What does the Lewis turning point mean for China? A computable general equilibrium analysis," China Economic Journal, Taylor & Francis Journals, vol. 3(2), pages 191-207.
    2. Garnaut,Ross, 2008. "The Garnaut Climate Change Review," Cambridge Books, Cambridge University Press, number 9780521744447.
    3. Garnaut,Ross, 2011. "The Garnaut Review 2011," Cambridge Books, Cambridge University Press, number 9781107691681.
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    Cited by:

    1. Kym Anderson & Glyn Wittwer, 2019. "Asia’s Evolving Role in Global Wine Markets," World Scientific Book Chapters, in: Kym Anderson (ed.), The International Economics of Wine, chapter 14, pages 347-377, World Scientific Publishing Co. Pte. Ltd..
    2. Kotey, Bernice & Rolfe, John, 2014. "Demographic and economic impact of mining on remote communities in Australia," Resources Policy, Elsevier, vol. 42(C), pages 65-72.

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