Qld sails cautiously into an economic storm: the state with the highest growth rate of the decade travels carefully because of its heavy reliance on markets in Japan

Article Abstract:

The state of Queensland had sustained continued economic growth since 1988, and upheld a growth rate averaging 1.6% more than other Australian states. The Asian economic crisis may spoil this accomplishment because Japan imports 27% of Queensland's merchandise exports. Some new government policies, such as the end of price controls, may offset a potential decline in orders. The makeup of exports to Asia may help to survive the crisis because 70% are crude materials, mineral fuels and unclassified commodities that the Asian countries use to process new products for their own exports.

Merchandise Trade Balance, Australia, Japan, Exports, International trade, Japanese foreign relations, Australian foreign relations

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Staying in front

Article Abstract:

Queensland is expected to face some formidable economic difficulties in the future. Asia is in the midst of a recession and accounts for 60% of Queensland's trade. The high economic growth that the state has seen is expected to decrease which could cause problems as the state attempts to fund major public works projects. Changes in a general services tax could also remove the advantage of Queensland's low state taxation.

Financial Administration-Natl Govt, Public finance

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Manufacturing thrives in the sunshine state

Article Abstract:

Economists believe Queensland's surprising job growth in the manufacturing sector can be attributed to tariff reduction. As Australia's chief exporter, Queensland benefits from the lower production component prices and the subsequent income retention resulting from the reduction. Since 1983, the job growth rate has risen 4% annually as tariffs dropped.

All Other Miscellaneous Manufacturing, Manufacturing industries, not elsewhere classified, Manufacturing Industries NEC, Tax Reduction, Manufacturing industry, Manufacturing industries, Employment, Taxation, Tax policy

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