How Australia’s Economy Got Rich and Is Getting Dumber | Economy of Australia | Econ

Australia is known for its prosperous economy, but beneath the surface, there are significant challenges and risks. 🇦🇺💼 It has a unique economy, shaped by its geographic isolation, reliance on natural resources, and booming housing market. 🌍⛏️🏡 Australia’s population growth, driven by immigration, has fueled economic activity, and the mining boom has transformed the country. 📈👷‍♂️ However, despite being the world’s 13th largest economy, Australia’s economic complexity has declined significantly. 📉🔍 In comparison to South Korea’s transformation into a high-tech powerhouse, there is a clear need for a serious vision for Australia’s future to ensure long-term competitiveness and stability. 🚀🔧🔮 #australia #australiaeconomy #economy #australiavscanada #geopolitics Support my research and projects: Enjoyed the video? Comment b