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Flat White

South Australia: political geography and globalisation

11 January 2017

3:05 PM

11 January 2017

3:05 PM

snip20170110_6In 1996 I published Globalising Australian Capitalism. The book generally gave a favourable account of the then bipartisan policy response in Australia to the process of the liberalisation of the global economy, then just becoming known as ‘globalisation’. In it, I anticipated an increase in the growth rate of the Australian economy and a generalised prosperity to replace the problems of the early 1980s’ ‘stagflation’ it was designed to resolve. 

Although this proved to be a fairly accurate prediction, and twenty-six years of uninterrupted growth followed, two decades later less positive aspects of globalisation are evident.  

In the developed countries, opening the...

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