Recession continues in Europe and Japan. The USA remains in the state of political uncertainty on the threshold of presidential election. What about the Green Continent, Australia? Lost between two oceans, Australia was increasing its economic potential while the northern hemisphere was suffering from the consequences of economic and financial storms. Australia managed to double its GDP from 1998... 

While most pundits – and some senior politicians – stare in wonder at the size of the mining industry’s windfall profits, they are missing a great tragedy happening under their noses. The mining boom has pushed the Australian dollar to historic highs and this, in turn, has pushed manufacturing to the brink. The damage being done by the high dollar to the rest of the economy is actually...