But the volumes are just about to crash. Marginal "projects" moving to Africa will be the cure for the Dutch disease, dropping the AUD, but causing inflation in imported goods. Then we'll have to pick up the pieces.
Rather than a tax, a ban, or restriction on exports of raw materials to keep the AUD lower, and encouragement to manufacture using said raw materials might have been another alternative.
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But the volumes are just about to crash. Marginal "projects"...
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Charles Armstrong, MD & CEO
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