Skip to main content Accessibility help

We use cookies to distinguish you from other users and to provide you with a better experience on our websites. Close this message to accept cookies or find out how to manage your cookie settings.

Close cookie message
×
  1. Home
  2. Search

Refine search

Refine search

Access:
Content type:
Publication date:
Apply   From and To filters
Subject: Show more
Journals Show more
Publishers: Show more
Societies Show more
Series: Show more
Collections: Show more

Actions for selected content:

Select all | Deselect all
  • View selected items
  • Export citations
  • Download PDF (zip)
  • Save to Kindle
  • Save to Dropbox
  • Save to Google Drive

Save Search

You can save your searches here and later view and run them again in "My saved searches".

Please provide a title, maximum of 40 characters.
Cancel
×

1 results

  • 4 - Foreign Payments

  • from Part Two - The International Community
  • Edited by Australian Institute of International Affairs, Gordon Greenwood, University of Queensland, Norman Harper, University of Melbourne
  • Book:
    Australia in World Affairs 1966–1970
    Published online:
    29 March 2024, pp 131-144

  • Summary

    In the period under review, 1966–70, Australia was singularly free from the ’constant balance of payments worries’ of the 1950s and early 1960s. The problem of external balance – of finding enough foreign exchange to finance an ever-growing import bill – which, in the preceding two decades and indeed in many earlier periods of Australian economic history, had never been far from the centre of concern of Australian economic policy-makers, all but vanished, at least for the time being. On the contrary, towards the end of the period, Australia, to her own surprise, found herself embarrassed by a plethora of foreign exchange, in a small way paralleling the discomfiture of the major surplus countries, Germany and Japan,