The ’80s: the pivotal decade for Australia’s prosperity
The resounding lesson of the 1980s is that, with enough ambition and resolve, Australia can remain one of the world’s most prosperous and successful nations.
In the 1970s, a richly endowed country squandered its luck. But then the 1980s tore down the Fortress Australia edifice that had protected an over-regulated economy for the first seven decades of nationhood.
It was the pivotal decade in Australia’s transformation from its protected wool-based economy to becoming a prosperous supplier of resources to east Asia.
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The Australian Financial Review’s succinct take on the principles at stake in major domestic and global stories – and what policy makers should do about them.
