Too Much Luck

Too Much Luck : The Mining Boom and Australia's Future

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Description

In Too Much Luck, Paul Cleary shows that the resources boom, which seems like a blessing, has the potential to become a curse unless our governments take urgent action. Today, under-taxed and under-regulated multinational companies make a tidy profit by selling off our non-renewable resources. As the mining boom accelerates, it will drive the dollar sky-high, forcing up the cost of doing business for everybody. Industries such as tourism and education - industries that, unlike mining, involve many jobs - will fade away. But what happens if commodity prices suddenly collapse, as they did with the GFC in 2008; or worse, when the resources run out? Many countries before us have been caught by the resources trap: a heady period of boom and growth, followed by a painful bust. Paul Cleary maps out the pitfalls, considers what has worked overseas, and suggests a better way forward.

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Product details

  • Paperback | 160 pages
  • 127 x 195.58 x 12.7mm | 204.12g
  • Black Inc.
  • Melbourne, Australia
  • English
  • black & white illustrations
  • 1863955372
  • 9781863955379
  • 215,724

About Paul Cleary

Authors Bio, not available

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