Question
Read Chapter 1 of the report Globalising Australia, by the Australian Department of Industry, Innovation and Science:https://publications.industry.gov.au/publications/industryinsightsjune2018/documents/IndustryInsights_2_2018_ONLINE.pdf, and answer the following questions (your answers can
Read Chapter 1 of the report "Globalising Australia", by the Australian Department of Industry, Innovation and Science:https://publications.industry.gov.au/publications/industryinsightsjune2018/documents/IndustryInsights_2_2018_ONLINE.pdf, and answer the following questions (your answers can be complemented by information provided in other chapters of the report, as well as information obtain from other sources).
Question 1. (2.5 marks) In no more than 250 words summarise the key international trade transformations experienced by Australia since the 1970s.
Question 2. (2.5 marks) In no more than 250 words explain what is meant by a structural transformation that is generated when a country is exposed to international markets. How was the Australian manufacturing sector affected by the structural transformation observed in Australia in recent years?
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