Too Much Luck

‘We think we are the lucky country, but what we really have is dumb luck – too much luck, more than we know what to do with.’ – Paul Cleary In Too Much Luck, Paul Cleary shows how the resource boom, which seems a blessing, could ...

Too Much Luck

‘We think we are the lucky country, but what we really have is dumb luck – too much luck, more than we know what to do with.’ – Paul Cleary In Too Much Luck, Paul Cleary shows how the resource boom, which seems a blessing, could well become a curse. We have never seen a boom quite like this one. Under-taxed and under-regulated, multinational companies are making colossal profits by selling off non-renewable resources. New projects are being rushed through weekly, but who is looking out for the public interest? As the boom accelerates, it will drive the dollar higher and higher, and force up the cost of doing business for everyone else. Industries that involve many jobs, such as tourism and education, will fade away. What happens if commodity prices suddenly collapse, as they have in the past? Or worse, when the resources run out? Many countries before us have been caught by the resource trap: a heady period of boom and growth, followed by a painful bust. Paul Cleary maps out the pitfalls, counts the human and environmental costs, shows what has worked overseas and suggests a better way forward – one which would turn this one-off windfall into a lasting legacy.

More Books:

Too Much Luck
Language: en
Pages: 160
Authors: Paul Cleary
Categories: Business & Economics
Type: BOOK - Published: 2011-08-02 - Publisher: Black Inc.

‘We think we are the lucky country, but what we really have is dumb luck – too much luck, more than we know what to do with.’ – Paul Cleary In Too Much Luck, Paul Cleary shows how the resource boom, which seems a blessing, could well become a curse.
Too Much Luck
Language: en
Pages: 171
Authors: Paul Cleary
Categories: Business & Economics
Type: BOOK - Published: 2011 - Publisher: Black Inc.

'We think we are the lucky country, but what we really have is dumb luck - a lot of luck without the planning or strategy to make sure our good fortune lasts.' - Paul Cleary In Too Much Luck, Paul Cleary shows that the resources boom, which seems like a
Trillion Dollar Baby
Language: en
Pages: 224
Authors: Paul Cleary
Categories: Business & Economics
Type: BOOK - Published: 2016-08-29 - Publisher: Black Inc.

For most of its history, Norway eked out a marginal existence from fishing, forestry and shipping. But things changed in 1969, when the country found one of the world’s biggest offshore oilfields. As the revenue started to flow, Norway began to create the world’s best system for developing mineral resources
Climate Change and Capitalism in Australia
Language: en
Pages: 250
Authors: Hans A. Baer
Categories: Political Science
Type: BOOK - Published: 2021-09-30 - Publisher: Routledge

Recognizing that climate politics has been an increasingly contentious and heated topic in Australia over the past two decades, this book examines Australian capitalism as a driver of climate change and the nexus between the corporations and Coalition and Australian Labor parties. As a highly developed country, Australia is punching
Economic Diversification Policies in Natural Resource Rich Economies
Language: en
Pages: 336
Authors: Sami Mahroum, Yasser Al-Saleh
Categories: Business & Economics
Type: BOOK - Published: 2016-08-05 - Publisher: Routledge

Economic diversification remains at the top of the agenda for hundreds of regions around the world. From the single commodity economies of African countries and the Caribbean, to the many single industry regions of Europe and North America, as well as the oil and gas rich but volatile hydrocarbon economies.