POLICY Magazine

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FEATURE: Why Microeconomic Reform Won't Reduce Foreign Debt

Keith Lloyd | 06 June 1990
Pressure on the Australian government to expedite its prorgam of microeconomic reform stems very largely from the belief that suuch reform is needed to reduce the current account deficit and contian the growth of foreign debt. The argument that economic reform is highly desirable but will not lead to the increases in saving needed to reduce foreign debt.

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