Decades of preparation preceded the 1983 de-regulation of the Australian economy, the many changes to the economic system included; floating the dollar, de-regulating the stock exchange, inviting 15 foreign banks to establish operations in Australia, that is but a few of the changes that were rung in from the voluminous Campbell and Martin reports.
These changes have combined with the parallel program the New International Economic Order (NIEO). Both inquiries commenced in 1979 under the hand of then treasurer John Howard. The effects of the NIEO on the deregulated economy have resulted in the recession we had to have.
EMAIL IS MOST WELCOME