Australia shares its experience with the countries globally and emerging one of the key player in world economy. It had marched successfully amid of so many ups and downs (1890 recession and subsequent drought is worth mention). From the 20th century onwards it is marching past on the successful road. Its focus on territorial activities and international economic co operations made a significant positive trend in its economy. Mineral wealth and export oriented agriculture based industries are back bone of Australian economy. The employment opportunities in the trading enterprises improved a lot which has given a big boon to the economy and the value of australian dollar. Though the global economy is very large beyond Australia’s capacity to influence, it has well established a place for it.
It has done a tremendous job in diversifying the economic base of the country and there by registered itself as one of the key player of Global economy. Since 20th century the australian economy and the society have undergone a rapid transformation. The Australian population has increased in millions and the society has urbanized very rapidly. The service oriented industries and manufacturing industries was on drastic progress. Their high potential wealth of natural resources helped Australian economy. Since their exports have a good blend of commodity and market it has a high potential boost for the stable economy. The favorable climate, massive international migration and rapid growth of economy made Australian business to the new height. To know more about latest news about the Australian economy, australian business news and currency trend log on to: businessspectator.com.au