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1 results

  • 5 - Foreign Investment

  • from Part Two - The International Community
  • Edited by Gordon Greenwood, University of Queensland, Norman Harper, University of Melbourne
  • Book:
    Australia in World Affairs 1966–1970
    Published online:
    29 March 2024, pp 145-159

  • Summary

    Australia has been a capital importing country almost continuously since 1788, Immigration and capital inflow, and the transfer to Australia of overseas business and technical knowledge associated with both, have been an important aspect of the building up of Australia’s economy and the development of its natural resources throughout Australian history. After a relatively low ebb during the depressed 1930s, both immigration and capital inflow revived after the second world war and played a major part in the two post-war decades of sustained rapid economic development.