Greece - Whose fault?, page-2

Thirty years ago in Australia there was Agriculture , mining and manufacturing as virtually equal partners in export now there is almost exclusively mining and in that mainly two minerals iron ore and coal , and as you infer with one main market China ,from a game theory perspective it is not a good scenario for sustainable positive trade surpluses,
Agriculture and hort offers the ability of a sustainable replenishable resource base unlike mining but seems to have been neglected or marginalised . To compete in Manufacturing high tech products currently requires a highly motivated and engineering educated workforce a resource now starting to become absent in Australia.
There are similarities between Greece with its reliance on Tourism and Australia with its reliance on coal and iron ore, fortunately Australia has its own floating currency to mitigate against the down turn in export payments, however a strategy to target increasing competitiveness in manufacturing, agriculture and biotech would make Australia a more viable economic power house..