When the Hawke Labour Government gained power in March 1983, its economic policies were hailed as sophisticated, innovative and likely to generate substantial improvements in the creation and distribution of wealth in Australia. This book provides an assessment of the economic policies of the Hawke and Keating governments. It examines why the economic debate dominates the political arena, and pin-points the persistent structural problems confronting the economy over the past decade. It also argues that the Government's excessive reliance on deregulation and the "level playing field" should give way to more targeted fiscal policies and more comprehensive industrial policies if sustainable growth in output and employment are to be achieved.
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