Microeconomic Reform

Microeconomic Reform Productivity growth is important for economic growth, the enhancement of employment opportunities, improving export competitiveness, and increasing the resilience of the Australian economy to adverse shocks (P.J. Forsyth, Microeconomic Reform in Australia, 1992). Prior to the 1990s, Australia's productivity growth and overall living standards were relative to the rest of the world, declining rapidly. Since then, Australia has sought to improve the productivity growth of its industries and markets by actively implementing a …

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