Australia Contemplates the End of the Gold Rush

Australia Contemplates the End of the Gold Rush

Few countries have benefited more from China’s rise and the global commodities boom of the past decade than Australia. One of the only major economies to escape the global financial crisis without going into recession, Australia’s newfound wealth and huge resource endowments have been major factors driving a marked increase in its strategic significance within the Asia-Pacific. However, with China’s commodities demand experiencing a major fluctuation, concerns are rising that Australia’s economy cannot sustain the current rate of expansion — and that an economic bust could curtail the country’s integration with Asia. For a country so long defined by its […]

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