Introduction The dominance liberal political and economic thought since the beginning of the 19th century was contributed to largely by the industrial revolution. The rise of Britain also exerted a lot of influence on the emergence of liberal political-economic thought. However, two frontiers of opposition to this thought emerged. One frontier comprised of neo-mercantilist economic […]
Introduction Over the past three decades, Australia has been undergoing a process of economic liberalization. In this process, economic growth has been identified as the most crucial path towards the elimination of poverty and inequality (Dollar and Kraay, 2002). Consumption has continued to stimulate employment, which is largely driven by the private sector. There is […]