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Microeconomic reform: beauty or the beast?

Chairman's speech

On 29 March 1999, the Chairman Gary Banks addressed the Committee for the Economic Development of Australia (CEDA) Trustees at the Sofitel Hotel, Melbourne. The speech focussed on the economic reform process and some of the key issues important in sustaining it.

Contents

Challenges to reform

Debunking some myths about reform
Myth 1: Stopping reform would ease pressures for change
Myth 2: Reformers have unlimited faith in 'the market'
Myth 3: Reform as bean counting
Myth 4: Microeconomic reform is without social conscience
Myth 5: Reform hasn't delivered

Dealing with adjustment problems

The reform imperative