Banana Republic Redux: How Australia is surrendering gains of the reform era | Alex Sanchez | Research Collection

Banana Republic Redux: How Australia is surrendering gains of the reform era | Alex Sanchez Read here: https://www.cis.org.au/publication/banana-republic-redux-how-australia-is-surrendering-gains-of-the-reform-era/ Key points • Australia is losing the economic gains achieved during the Hawke-Keating reform era of the mid-1980s after the Banana Republic shock comment. • High taxes and regulations are reducing Australia’s global competitiveness. • Genuine reform requires reducing government size and fostering market-driven growth. Also … • The policies of the past decade are reversing the cost-cutting and economic openness achieved during the reform era. • Increased regulation and government intervention raise business costs, deterring investment and innovation. • Higher taxes and expanded public spending fail to address stagnant productivity and economic growth. • Restoring competitiveness requires deregulation, reducing costs for businesses, and limiting government intervention in the economy. Read here: https://www.cis.org.au/publication/banana-republic-redux-how-australia-is-surrendering-gains-of-the-reform-era/