1. Foriegn Debt
Why we have Foreign Debt Australia's economy will continue to include some level of foreign debt. There are several reasons for this, the size of our capital market will always be a problem, in Australia there is more domestic investment is greater that domestic savings, Australians tend to spend more that they save. ... This could be attributed to the sizes of the two economies, Australia, a rather small developing economy, and America, a huge well established economy. ... Yet another country to compare Australia to is our trade partner China. China, a huge land mass with an even huge...
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- Grade Level: High School