Australia in 2005 |
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Introduction
The Labor reforms, supported by the opposition Liberal Party, virtually transformed Australia. The country became a model of economic liberalization for countries across the world. Many analysts considered Australia to be one of the best places in the world to do business. In 2005, as it entered its 15th successive year of continuous growth, Australia enjoyed low inflation, the lowest unemployment for almost 30 years, negligible government debt and regular budget surpluses... |
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