Here is the synopsis of our sample research paper on Australia's External Debt Situation. Have the paper e-mailed to you 24/7/365.
Essay / Research Paper Abstract
This 5 page paper examines the level and patterns of Australia's external debt during the 1990's and into the twenty first century. The writer also considers the government economic policies that accompanied this debt. The bibliography cites 5 sources.
Page Count:
5 pages (~225 words per page)
File: TS14_TEaustdb.rtf
Buy This Term Paper »
Unformatted sample text from the term paper:
recent years. The growth is built if debt. This is not a new problem for Australia, increasing trade deficits of the later half of the 1980s brought about a position
where borrow for both the private sector as well as the public sector was high (McDonald, 1991). This also meant that there were high levels of capital leaving the country,
having a negative effect of the current account, in order to repay much of this debt. As we enter the 1990s there is
a recognition of this problem, and the policies are harsh, demand side economics. There are polices that seek to restrict the aggregate demand (McDonald, 1991). The short term effect was
successful, as foreign debt did decrease and surpluses were seen in the current account, with exports amounting to more than imports. However, some argue that this was such as restrains
on the economy, as the exchange rate was free floating and the long term effect is jot all that was hopped for. At this time critics stated that they felt
one way of limiting this may have been to place a tax on foreign borrowing, however, as this did not occur we can only theorise if this would have tackled
the problem in the long term, by tackling the debt issue, rather than focuses in the deficit of the current account. The
total debt of the country may be seen as roughly $190 billion (Australian dollars), and it is argued that the borrowing has been facilitated by the amount of capital which
has been leaving the country. The deficit continued into the 1990, where by 1995, in only thirty six months, the amount of dividends that were paid by Australian companies to
...