November 01, 2012 at 09:00 AM EDT
A Deeper Look At Australia’s Commodity Industry
One of the wealthiest countries in the world, and the richest in Asia in GDP per capita terms, Australia is an unusual mix of a modern market economy with a large commodities-driven export infrastructure. Despite the influx of wealth created by its natural resources, Australia has never been particularly successful in developing a large manufacturing base. What’s more, the country has run large and persistent current account deficits for over a half-century. Nevertheless, Australia has very significant and efficient mining and agricultural sectors , and ranks highly in the world in many categories [for more commodity news and analysis subscribe to our free newsletter ]. See the full story here → Related Posts: Want Juicy Dividend Yields? Buy the Top Five Commodity Megacaps 5 Commodity Dividend Stocks To Stay Away From Ultimate Guide To Steel Investing A Deeper Look at South Africa’s Commodity Industry 13 Commodity Earnings You Can’t Afford to Miss
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