Political debate is often focused on economic indicators, such as GDP, inflation and unemployment. The long term performance of an economy, however, is very much dependent on a country’s economic structure – its endowment of physical and human assets and the country’s institutions, values and traditions. Economic structure, in turn, is strongly influenced by government policy.
This brief for the Australian Collaboration surveys Australia’s economic structure, concluding with an outline of some long-term and medium-term challenges for Australian policy.
