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The Forum > Article Comments > Striking parallels: divergent paths > Comments

Striking parallels: divergent paths : Comments

By Saul Eslake, published 11/5/2006

Why the Australian and British economies are no longer running parallel and why we are faring better.

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Excellent commentary as always. Although the government feels the urge to distribute the benefit of the resources boom, tax cuts won't deliver the infrastructure and capital requirements needed to increase future productivity/capacity and won't address the low rate of national savings. A failure to focus on long term investment and savings is something common to both Australia and Britain and will potentially make the eventual "post China boom blues" that more trying.
Posted by Peter R, Thursday, 11 May 2006 11:45:34 PM
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Excellent article. One of the best I've read for a while. Thanks for informing me and your analysis seems spot on, although I'm not an economist.
Posted by rogindon, Friday, 12 May 2006 8:39:03 PM
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The erudite and practical thinking Saul has pretty much nailed the reality.I hope Canberra is listening.
Posted by Arjay, Saturday, 20 May 2006 9:11:49 PM
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