Book contents
- The Cambridge Economic History of Australia
- The Cambridge Economic History of Australia
- Copyright page
- Contents
- Contributors
- List of figures
- List of maps
- List of tables
- Preface
- Abbreviations
- Introduction: connecting past, present and future
- Part 1 Framework
- Part 2 Transition
- Part 3 Economic expansion of the colonies
- Part 4 A national economy
- Part 5 Building the modern economy
- 18 Reorientation of trade, investment and migration
- 19 Microeconomic reform
- 20 The evolution of Australian macroeconomic strategy since World War 2
- Part 6 Looking backwards and to the future
- Statistical Appendix: selected data series, 1800–2010
- References
- Subject index
- Company index
19 - Microeconomic reform
from Part 5 - Building the modern economy
Published online by Cambridge University Press: 05 September 2014
By
Book contents
- The Cambridge Economic History of Australia
- The Cambridge Economic History of Australia
- Copyright page
- Contents
- Contributors
- List of figures
- List of maps
- List of tables
- Preface
- Abbreviations
- Introduction: connecting past, present and future
- Part 1 Framework
- Part 2 Transition
- Part 3 Economic expansion of the colonies
- Part 4 A national economy
- Part 5 Building the modern economy
- 18 Reorientation of trade, investment and migration
- 19 Microeconomic reform
- 20 The evolution of Australian macroeconomic strategy since World War 2
- Part 6 Looking backwards and to the future
- Statistical Appendix: selected data series, 1800–2010
- References
- Subject index
- Company index
Summary
Over the past 30 years governments in Australia introduced a set of policies that have come to be known as microeconomic reform. This chapter provides an overview of main reforms and rationales. It describes a major area of reform, and evidence on specific effects of that reform, roughly in the sequence that the reforms occurred. Political economy has a major role in most accounts of the introduction of microeconomic reform in the 1980s and early 1990s. In particular, several factors assisted the federal Labor government of this period to introduce reforms. The reforms to regulation of the finance sector in Australia had been primarily implemented to improve the capacity to manage the macroeconomy. The chapter discusses agricultural sector, manufacturing industry, government sector, transport sector, communications sector, utilities sector, competition policy and labour market in Australia. Finally, it presents an overall assessment of the effects of microeconomic reform.
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- The Cambridge Economic History of Australia , pp. 419 - 437Publisher: Cambridge University PressPrint publication year: 2014
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