The Australian --- Page: 25 : 7 June 2007 Original article by Anna Fenech
ABIX Summary
Eminent economist Don Stammer cites three reasons for Australia's sustained economic growth. The first is the reforms to financial markets and labour introduced in the 1980s and 1990s. The second is China's rapid industrialisation and its need for Australian raw materials like iron ore and coal. The third is the float of the Australian dollar, which Stammer says has protected the nation from extremes such as happened during the Asian recession of 1998.
