Jump to ContentJump to Main Navigation
Why Australia ProsperedThe Shifting Sources of Economic Growth$
Users without a subscription are not able to see the full content.

Ian W. McLean

Print publication date: 2012

Print ISBN-13: 9780691154671

Published to Princeton Scholarship Online: October 2017

DOI: 10.23943/princeton/9780691154671.001.0001

Show Summary Details
Page of

PRINTED FROM PRINCETON SCHOLARSHIP ONLINE (www.princeton.universitypressscholarship.com). (c) Copyright Princeton University Press, 2017. All Rights Reserved. Under the terms of the licence agreement, an individual user may print out a PDF of a single chapter of a monograph in HSO for personal use (for details see http://www.universitypressscholarship.com/page/privacy-policy).date: 22 April 2018

Introduction

Introduction

Weaving Analysis and Narrative

Chapter:
(p.1) Chapter 1 Introduction
Source:
Why Australia Prospered
Author(s):

Ian W. McLean

Publisher:
Princeton University Press
DOI:10.23943/princeton/9780691154671.003.0001

This introductory chapter provides an inquiry into why Australia is rich—which adopts a historical approach because the roots of prosperity are embedded in the past. The levels of income observed in the currently rich economies are in every case the result of very long-run processes. Economies do not move rapidly from poverty and backwardness to advanced industrial status and concomitant prosperity despite the achievements of some being described as “economic miracles.” Even with the impressive growth rates recently recorded in a number of poor countries such as India and China, attaining incomes comparable to the rich countries takes many decades. The need for a historical perspective arises also because any persuasive explanation for Australia's current high-income status must highlight long-established features of its economy and society.

Keywords:   Australia, prosperity, rich economies, poverty, economic miracles, poor countries, India, China

Princeton Scholarship Online requires a subscription or purchase to access the full text of books within the service. Public users can however freely search the site and view the abstracts and keywords for each book and chapter.

Please, subscribe or login to access full text content.

If you think you should have access to this title, please contact your librarian.

To troubleshoot, please check our FAQs , and if you can't find the answer there, please contact us.