Economics and Vegetables - Beyond the Farm Gate

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It’s the economy stupid?(Ex US President Bill Clinton)The global economy• Globalisation shaping the Australianeconomy.• Australia dependent on foreign incomeand foreign borrowings.• World policy dilemma ‐ debt repaymentv’s economic stimulus with majorplayers in conflict burdened by history.• At present a huge wave of uncertaintydriven by fears that policy makers willget it wrong.
Australian economy• World factors impacting on confidence levelsin Australia.• Consumers are cautious and seek value formoney as households are highly indebtedand sensitive to interest rate rises and loss ofincome.• Some sections of small business doing ittough and credit conditions remainrestrictive creating cash flow problems.• However corporate Australia is in greatshape well capitalised, high profits, low debtand beginning to invest.• Unemployment is low and the economy isriding a mining boom.• Economic growth is accelerating.Industry economic profile
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Page 7 and 8: Imports$M800.0600.0400.0200.00.0Exp
Page 9 and 10: Key inputs - water and labourProduc

Economics and Vegetables - Beyond the Farm Gate

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