Structural reform Australian-style: Lessons for others?
In conjunction with recent meetings at the IMF, World Bank and OECD, Commission Chairman Gary Banks gave seminar presentations on the topic Structural reform Australian-style: lessons for others?
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Paradise lost – and (partly) regained
A head start forfeited
Wide-ranging 'microeconomic reform'
A more productive economy
Some (unusual?) features of the reform program
'Opening the borders' became the first domino
We liberalised unilaterally
We hastened slowly
We acted on a broad front
We 'oiled the wheels' in sensitive sectors
Two institutional innovations in Australia’s reform story
The role of 'the Commission'
The National Competition Policy
Further reform challenges for Australia
Lessons for others?