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However by the end of the 1970’s it was realised that this policy would not be sustainable as unemployment figures rose from 1.4% in 1970 to 6.5% by 1980 (Macfarlane, I.J. 1998: 7). The economy suffered, as the government maintained control of the economy by direct controls over banks and other financial institutions, coupled with a outdated ‘Tap System’ for financing government spending and protectionist and interventional economic policy (Macfarlane, 1998: 8). Despite all these shortcomings, international trade continued to grow through the 80’s (ABS, 1988) as the move towards a more liberalised economy started to occur...
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Common topics in this essay:
- Discuss the history of Australia regarding trade policies and moving from protectionist to free trade.
- Environmental policy in the European Union
- European Union
- european union
- european union
- The European Union’S View Of Australia In Terms Of Trade: What Has Changed Since The 1980'S?
- To what extent do you agree with the view that European Monetary Union is a political instrument that makes little difference to European business?
- The European Dis-Union
- European Economic Policy
- To What Extent Has The European Parliament Succeeded In Imposing Itself As A Key Actor In The European Union’S Decision-Making Process?
- Common Agricultural Policy in Ireland
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- Social Policy, Economics Of Labor Markets In The European Union. Does A European Employment Strategy Make Sense?
- Agricultural Policy
- EUROPEAN COMMUNICATION POLICY
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