Question
The Australian coal mining industry plays a significant role in the Australian economy. You are tasked to produce an Economic Impact Assessment of Australia's coal
The Australian coal mining industry plays a significant role in the Australian economy.
You are tasked to produce an Economic Impact Assessment of Australia's coal mining industry. In addition, you need to assess in general terms how China's changing coal imports impacts Australia's coal mining Industry.
Economic impact assessment is about how one industry sector (or a project or activity within that sector) affects other sectors in the economy. Inputoutput tables are often used to identify relationships between sectors within an economy.
Recently the BHP CEO Andrew Mackenzie commented "We see a Chinese economy gradually shifting from construction to consumption"
https://www.australianmining.com.au/news/bhp-billiton-to-follow-china-on-its-next-growth-journey-2/
- Discuss how this shift would impact Australian exports in general.
- Discuss two factors that would make Australian exports attractive to China.
- Explain your choice, using economic theory, reports you have seen in the media, and information from academic journal articles and reference appropriately.
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