Already a subscriber?When Greece was at the height of its debt crisis, which threatened to unravel the eurozone and devastate its citizens’ living standards, Australia assisted with knowhow from our successful experience of productivity-enhancing reforms.
This country is no stranger to reform. Australia’s earlier reforms centred on opening a closed, protected economy to international and domestic competition, reducing rigidities and improving efficiency, including unilaterally removing tariffs and liberalising imports, leading uncompetitive firms and industries to transform.
As a major provider of energy and resources to key Indo-Pacific economies, our ability to manage effectively the clean energy transition will not only determine our future living standards, it will also affect the ongoing growth, stability and prosperity of our region.
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