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    Australia's Regional Economy

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    What are the major drivers and forces of Australia's economy, such as major cities, major products and manufacturing locations, where raw materials come from, and transportation networks that have either created corridors or barriers to economic development?

    Explain the historic impact of social climate, wars, invasions, or political upheavals (or lack of them).

    What are the effects of physical distance on social relationships and commerce?

    Weigh the effects of the impact of technological change on commerce within Australia?

    Which changes were positive and in what ways do they benefit the economy with whom they have trading relationships?

    Which changes, if any, are harmful or can be harmful to Australia's economy?

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    Solution Preview

    Dear Student,
    The solution below seeks to help you in answering all your questions and concerns by providing details, data and discussion to give you insight. It is written in APA format to help you expand your research. It provides a brief history as well as enumerates particular city economies and in the end section, the discussion, your narrative-type questions are addressed. I hope this solution helps in making this particular assignment easier for you. Thank you for using Brainmass.

    OTA 1058768/Xenia Jones

    Brief History

    Familiarity with the History of Australia as a nation will take us back to the time of the arrival of the first British settlers into the colony where the continent-Island of Australia as a colony was Penal by nature - convicts, ex convicts and problem citizens were sent to the colony after Capt. James Cook established the New South Wales Crown Colony in the 1770's where Port Jackson by 1788 became a bustling colonial port. Prior to British/European settlement though, aborigines and Australasian peoples have already inhabited the world's smallest continent some 48,000 years ago - these peoples were hunter gatherers and some continue this way of life to this day. Upon the establishment of Port Jackson, new explorations were taken on by the settlers of the vast Australian territories until the entire continent was mapped out into varied political/economic sections. The Northern Territory was a 'free colony', that is, no convicts were accepted there. Other colonies - South Australia, Victoria and Queensland were also free colonies but later on due to labour shortage took on penal settlers. Until 1931, Australia was subject to the British Monarchy as part of the British Empire. It was a Commonwealth. Even after the Statute of Westminster in 1931, Australia still remains, at least by historical affinity part of the British Commonwealth but not of the Kingdom. Australia is an independent nation with its own duly elected democratic government headed by the Prime Minister, Paul Rudd although Australians still look to Britain as their ancestral home.

    Australian Economics

    In the early days of the colony, fishing, trading, lumber & mining were the industry. That and the highly successful cattle and beef industry that spanned the agricultural might that was Australia in the 1800's to this day. The 'Bush' created a kind of unique cowboy lifestyle not unlike that of their American cousins in the West. Today, Australia is a prosperous nation of over 21 million people only considering the nation's vast land & territories. Western capitalist & free market by nature, this is how the Australian economy boils down to:

    ? services sector (70% of GDP)
    ? agricultural and mining sectors (10% of GDP combined) account for 57% of the national export
    ? industry (20% of GDP)

    According to the Australian Department of Foreign Affairs & Trade, Australia is a ...