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Australia's Mining Boom

Australia's Mining Boom
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The impact of the current mining boom in Australia, aided by unprecedented demand for minerals from an emerging China, has helped this nation to withstand global financial turmoil. Australia’s mining and energy resources – coal, iron ore, gold, bauxite, oil, gas, copper, uranium, etc – accounts for about 9% of GDP, but more than half of national exports. The resources sector is booming, however its success may cause problems elsewhere, such as pushing up the value of the dollar, which can adversely affect sectors like manufacturing and tourism. How sustainable is the latest mining boom, and how should government manage the ‘two-speed economy’? Is the recent controversial introduction of the mining tax going to fairly spread the super profits from Australia’s non-renewable mineral wealth to all Australians? How much does Australia’s economy rely on minerals revenue, and what are the boom’s impacts on employment and other sectors in the economy, as well as the social and environmental costs? Are the structural changes in the Australian economy brought about by the mining boom sustainable – what happens when the mining boom goes bust? Also includes: Worksheets and activities ; Fast facts ; Glossary ; Web links ; Index. Sources of information: Titles in the ‘Issues in Society’ series are individual resource books which provide an overview on a specific subject comprised of facts and opinions. The information in this resource book is not from any single author, publication or organisation. The unique value of the ‘Issues in Society’ series lies in its diversity of content and perspectives. The content comes from a wide variety of sources and includes: Newspaper reports and opinion pieces ; Website fact sheets ; Magazine and journal articles ; Statistics and surveys ; Government reports ; Literature from special interest groups.
The Spinney Press; July 2012
65 pages; ISBN 9781921507939
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