Mining: Australia’s financial saviour, or pillaging the future?
An analysis of the extent to which Wall Street was to blame for the Global Financial Crisis
August 6, 2021The growth in speculative markets: To what extent did the embracing of an international monetary system based on floating exchange rates lead to loss of control?
August 6, 2021Mining: Australia’s financial saviour, or pillaging the future?
Example financial crisis and recession dissertation topic 4:
Mining: Australia’s financial saviour, or pillaging the future?
Australia weathered the financial crisis better than many other nations, and is the first developed nation to have recorded a surplus since the Global Financial Crisis. However, as once Australia rode on the sheep’s back, today it rides on the miner’s back. Can Australia continue an economic future based on mining, or will she need to find new avenues of economic sustainability? This study considers the actions taken by Australia in recent years and reviews whether proposed new taxes to hit the mining industry will slow recovery. Further, it suggests recommendations for Australia to avoid the boom and bust reality of reliance on the mining industry.
Suggested initial topic reading
- Bajada, C. and Trayler, R. (2010) ‘How Australia survived the financial crisis’, in, Gup, B.E., The financial and economic crises: An international perspective. Cheltenham: Edward Elgar, pp. 139-156.
- Sykes, T. (2010) Six months of panic: How the global financial crisis hit Australia. Syndey: Allen and Unwin.
