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Dragon's Tail
The Lucky Country after the China Boom: Quarterly Essay 54
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In this timely Quarterly Essay, Andrew Charlton demolishes some myths about Australia's long boom. Around 2000 Australia's economy became tied to the supercharged rise of China. We had the good fortune to have exactly the resources it wanted.
In Dragon's Tail, Andrew Charlton shows that China's growth model is now reaching its limit, and the world's most populous economy faces a challenging transition.
Book Hero Magic formatted this description to make it easier to read. While it's new and
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Description
In this timely Quarterly Essay, Andrew Charlton demolishes some myths about Australia's long boom. Around 2000, Australia's economy became tied to the supercharged rise of China. We had the good fortune to have exactly the resources it wanted. This was not about inspired leadership, so much as good fortune—we became the richest people in the world almost by accident.
No politician can take credit for the boom; no worker can be blamed for its end. Now, the moment of truth has arrived: as the boom fades, can we make our own luck?
Charlton notes that unlike many successful countries, Australia has never had much in the way of a national strategy. This allows us to grasp opportunities as they arise but leaves us leveraged to circumstance. It's why we can be both a 'banana republic' and a 'miracle economy' in the space of two decades. Today we have never been more exposed to the world. But what happens if our China luck runs out?
Andrew Charlton outlines a strategy for new circumstances in Dragon's Tail.
Book Details
INFORMATION
ISBN: 9781863956567
Publisher: Black Inc.
Format: Paperback / softback
Date Published: 19 June 2014
Country: Australia
Imprint: Quarterly Essay
Edition: 54th edition
Audience: General / adult, Tertiary education
DIMENSIONS
Spine width: 8.0mm
Width: 166.0mm
Height: 234.0mm
Weight: 176g
Pages: 108
About the Author
Andrew Charlton is the author of Ozonomics, Fair Trade for All (written with Nobel laureate Joseph Stiglitz) and Quarterly Essay 44, Man-Made World.
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