IDEAS home Printed from https://ideas.repec.org/h/pal/palchp/978-0-230-31415-3_3.html
   My bibliography  Save this book chapter

Australian Regulatory Framework on FDI and its Application to Chinese Investment

In: Chinese Investment in Australia

Author

Listed:
  • Xueli Huang
  • Ian Austin

Abstract

The Australian economic structure has changed significantly since the 1960s, becoming increasingly reliant upon the mining sector, including minerals, oil and gas. Before then, Australia was widely portrayed as a nation that “lives on the sheep’s back”, with its agricultural and pastoral activities accounting for more than 15–35 per cent of its GDP (Caves & Krause, 1984). However, these sectors have declined steadily, only accounting for 3.6 per cent of national GDP in 2009. The mining sector, conversely, has increased from about 2 per cent of the national GDP in 1921 (Caves & Krause, 1984) to 7 per cent in 1991, remaining relatively stable (6.51–7.5%) over the past two decades (ABS, 2010a). In fact, the Australian mining industry has been the driving force of its national economy since 2005. Mineral exports accounted for 44.8 per cent of total exports from Australia, reaching A$284.7 billion in the 2008–09 financial year (Australian Bureau of Agricultural and Resource Economics, 2010). Therefore, Australian mining industries are regarded as a crucial source for long-term national income and employment.

Suggested Citation

  • Xueli Huang & Ian Austin, 2011. "Australian Regulatory Framework on FDI and its Application to Chinese Investment," Palgrave Macmillan Books, in: Chinese Investment in Australia, chapter 3, pages 48-70, Palgrave Macmillan.
  • Handle: RePEc:pal:palchp:978-0-230-31415-3_3
    DOI: 10.1057/9780230314153_3
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:pal:palchp:978-0-230-31415-3_3. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.palgrave.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.