August 10, 2016
Disclaimer: This article is informative in purpose and does not constitute financial advice. The author urges you to obtain professional advice before pursuing any financial investment.
‘The Lucky Country’ Isn’t Just a Saying
Australia is a fascinating fishbowl when it comes to economic policy. The stunning fact that belies so much about the Great Southern Land is with around just 25 million people its total population is smaller than single US states like California or Texas, and though many fellow Asian nations – like Indonesia, South Korea and Japan – are smaller in land size, they hold a far greater population.
Yet both the Australian nation as a whole and its citizens personally have long enjoyed a high standard of living and high level of personal wealth, AKA the ‘Middle Class Success Story’.
Australia has often achieved remarkable feats in the global economy – such as having the GFC largely bypass its shores as it wreaked havoc on other world economies – while sometimes leaving Australian consumers subject to questionable charges that may not fly elsewhere. Such as Adobe’s long held huge local markup on software leading many to think Australia is seen as a ‘Treasure Island’ by many … Click to continue reading