Economics in Other Countries

Economic divergence in Australia – it is an issue that I feel all Australians should be aware of and deal with, because if the gap is not bridged, then Australia's economic prosperity and social fabric will be under serious threat. Evidence of this divide is seen with the differences in unemployment rates and household income between the urban and rural regions. Australia's economy has sent inner-city employment levels through the roof - thousands of millionaires created …

…most Australian parents aspire for their children to do better in life. The best social security in Australia is undoubtedly the wages cheque. Reducing the economic divide requires long-term commitment; there is no simple solution or magic formula that will immediately solve the problem. Increased spending in regional areas will go a long way towards eventually reversing an imbalance between city and bush. Much can be achieved through an innovative policy development and strong leadership.