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Australia An Economic Clone The Australian economy is a very productive and efficient economy when compared to many other economies throughout the world An advanced prosperous and well-diversified economy allows Australia to be mentioned in the same economic breath with the United States as well as many western European nations The economy of Australia is indeed very similar to the one in which we live and is based on similar principles of economic theory Historically Australia has been linked economically culturally and socially to Britain Australia was founded as a British colony in the eighteenth century and although Australia is an independent sovereign nation the Queen of England still serves as the figurehead leader of Australia today Much of Australias rise to economic power is due to economic and industrial British influences The government of Australia is a democratic system headed by an elected prime minister An interesting facet of Australian history is that its major purpose as a colony was to serve as a distant jailhouse for the unwanted of Britain British criminals trade unionists as well as Irish political rebels were deported to Australia throughout the eighteenth and nineteenth centuries The ancestral criminal makeup of the Australian society has been largely responsible for its success as an economy Certain personality characteristics and cultural attributes held by the relocated Brits have become a foundation to Australian society Even today the spirit of the convict pioneers is prevalent in the Australian people The character trait and societal philosophies of the convict pioneers is unique and is the basis of Australian society For example the Australians have traditionally been associated with a no fear attitude towards anything This attitude of the displaced criminals has prevailed and has allowed Australia to overcome a poor locational situation and thrive as an economy Cynical thinking and a strong resistance to authority are also components of the convict mind that have been put to use
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