TASK DESCRIPTION:
1. Comment on its growth rates over the period of last ten years about 300 words.
2. Critically analyze the reasons for the variation of growth rates in that time period about 1200 words
3. What are the major challenges Australia faces in enhancing its growth rates in about 500 words.
Assignment Tips
GDP data for all countries can be found at databank - worldbank site
Then go to Indicators and choose the first one
GDP growth annual (%)
This should give you the figures you need for 2005-2015
For example for the Australian economy you could start by charting Australia's performance over the decade 2005-2015 Discuss the major developments which may be responsible for this performance, among other factors you may wish to discuss include:
The rise of China and the mining boom.
The global financial crisis (GFC) and its impact on the Australian economy.
The Australian policy response to the global financial crisis. The end of the mining boom and the transition to the post mining economy.
The challenges ahead and the policy responses needed to generate higher growth rates.