How Can Australia Benefit from China's Economic Reforms

Parikshit Basu, John Hicks, Richard Sappey

Research output: Book chapter/Published conference paperChapter

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Abstract

Australia-China trade and business relationships have been growing significantly in recent years but still have only limited coverage of the Chinese economy. This paper attempts to assess the future benefits to Australia of Chinese growth and associated risks for Australia in the long run. To the extent that the commodities boom continues Australia benefits. However, any disruption to that boom may have severe consequences for the Australian economy. At the same time, the continuation of the boom may be distracting Australia from other potential opportunities that exist in China. As a country that seeks to have balanced economic growth, there are arguments in favour of spreading the risk and to position Australia to take advantage of new opportunities, particularly in the services sector.
Original languageEnglish
Title of host publicationEngagement & Change
Subtitle of host publicationExploring Management, Economic and Finance Implications of a Globalising Enviroment
EditorsParikshit Basu, Grant O' O'Neill, Antonio Travaglione
Place of PublicationBrisbane, Australia
PublisherAustralian Academic Press
Pages25-36
Number of pages12
Edition2
ISBN (Print)9781875378883
Publication statusPublished - 2007

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