Australia’s Prime Minister Kevin Rudd faced a daunting task, that he never thought he would have to fight, when he was elected two years ago. Australia was then prepared his 17th Give year of uninterrupted growth. Commodity exports were booming, driven largely by China’s voracious appetite for raw materials. Then the global financial crisis erupted in 2008, calls for simmering the world’s largest exporter of coal and iron ore. Rudd pushed for massive stimulus packages … Read more »

Australia’s Prime Minister Kevin Rudd faced a daunting task, that he never thought he would have to fight, when he was elected two years ago. Australia was then prepared his 17th Give year of uninterrupted growth. Commodity exports were booming, driven largely by China’s voracious appetite for raw materials. Then the global financial crisis erupted in 2008, calls for simmering the world’s largest exporter of coal and iron ore. Prime Minister Rudd pushing for massive fiscal stimulus on domestic consumption and to stimulate demand. But as a business heavily dependent on foreign trade, tumbling commodity prices brewed difficult times for Australia’s trade deficit and its continued high current account deficit. What was in Australia for the maintenance deficit, But four years has been in the red all since 1950? Moreover, it should, as the policy address the intense concerns about China’s growing interest in Australia’s precious natural resources sector?
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from
Laura Alfaro,
Renee Kim
Source: Harvard Business School
27 pages.
Release Date: 18, June 2009. Prod #: 709007-PDF-ENG
Australia: The Riches and Challenges of Commodities HBR case solution

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