Global Financial Crisis: The Australian Experience in International Perspective

This article addresses the impact of the global financial crisis in Australia. Obviously the impact has been varied and complicated, so that the picture presented can be no more than a sketch seeking to identify some of the main influences and governmental responses to them. In the event, the impact was relatively light in Australia, with credit accruing to a fairly effective regulatory system, though serious implementation problems developed. The article also explores the issue of the economic stimulus strategy more generally, and connections between the crisis experience and related movement in the arena of government-private sector relations.