TABLE OF CONTENTS
Executive Summary------------------------------------------------------------2
Introduction-----------------------------------------------------------------
1. Comparative Snapshot of USA, Japanese, and Australian Economics--------------------------------------------------------------------------4
2. Comparative Historical Profile of the USA, Japan and Australia's Economic Development--------------------------------------------------------7
3. Overview of Australia's International Trading Pattern with USA and Japan-----------------------------------------------------------------------------
4. Operations of Labor Market in the USA, Japan and Australia-----13
Conclusion-------------------------------------------------------------------1
Bibliography--------------------------------------------------------------------1
EXECUTIVE SUMMARY
This paper reviews and compared the economic performances of Australia, Japan and USA. Overall, these three countries enjoy very healthy economic activities. The report also highlights the similarities between these three highly developed economies. They all have relatively stable and growing economies. However, these countries also have significant differences in term of their population, areas of production specialization, short term economic management practices and their labour market operations.
Australia with its prosperous, western-style mixed economy with a high per capita GDP enjoys a very strong and relatively constant trading relationship with Japan and USA. The report shows that Australia and Japan enjoy a very long and constant trade relationship. In other words, the report found that Japan has long been, and is ...