Liberalizing the Australian economy
E729701
"Liberalizing the Australian economy" refers to the series of market-oriented reforms and deregulation policies associated with John Howard’s leadership that aimed to increase economic efficiency, competition, and growth in Australia.
Statements (48)
| Predicate | Object |
|---|---|
| instanceOf |
economic reform program
ⓘ
public policy agenda ⓘ |
| hasCountry | Australia NERFINISHED ⓘ |
| hasCriticism |
increased income inequality
ⓘ
reduced job security for some workers ⓘ weakening of trade union power ⓘ |
| hasGoal |
increase competition
ⓘ
increase economic efficiency ⓘ promote economic growth ⓘ |
| hasHistoricalContext | post-1980s global economic liberalization trend ⓘ |
| hasIdeology |
economic liberalism
ⓘ
neoliberalism ⓘ |
| hasIntendedEffect |
enhance international competitiveness
ⓘ
expand private sector role ⓘ increase productivity ⓘ reduce government intervention in the economy ⓘ |
| hasKeyFigure |
John Howard
NERFINISHED
ⓘ
Peter Costello NERFINISHED ⓘ |
| hasPolicyType |
deregulation
ⓘ
financial sector liberalization ⓘ labor market reform ⓘ market-oriented reform ⓘ privatization ⓘ tax reform ⓘ |
| hasPoliticalPartySupport |
Liberal Party of Australia
NERFINISHED
ⓘ
National Party of Australia NERFINISHED ⓘ |
| hasPrimaryLeader | John Howard NERFINISHED ⓘ |
| hasSectorFocus |
financial markets
ⓘ
labor market ⓘ public enterprises ⓘ tax system ⓘ trade ⓘ |
| hasSupportArgument |
greater economic flexibility
ⓘ
higher long-run growth potential ⓘ more efficient allocation of resources ⓘ |
| implementedDuring | Howard Government NERFINISHED ⓘ |
| implementedStartYear | 1996 ⓘ |
| includesMeasure |
broadening of the tax base
ⓘ
deregulation of product markets ⓘ encouragement of foreign investment ⓘ introduction of the Goods and Services Tax ⓘ labor market deregulation ⓘ privatization of government-owned enterprises ⓘ reduction of tariffs ⓘ reduction of trade barriers ⓘ reform of workplace relations law ⓘ tax cuts ⓘ |
| isPartOf | Australian economic reform era NERFINISHED ⓘ |
Referenced by (1)
Full triples — surface form annotated when it differs from this entity's canonical label.