Microeconomic reform: beauty or the beast?
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.
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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