Asia accounts for 52% of the world’s population and (as of 2016) 39% of the world’s GDP. By the end of the decade Asia will account for 42% of the world’s GDP. Asia takes almost three-quarters of Australia’s exports of goods and services and supplies more than half of Australia’s imports. You simply can’t understand Australia’s long-term economic prospects without a good understanding of what’s happening in the major Asian economies.
Japan’s Economic Challenge and the Implications for AustraliaAsian Economies | 11th August 1998
Address to the Queensland-Japan Chamber of Commerce, Brisbane, 11th August 1998