Discuss the usefulness ofthe concept of ?path dependency? demonstrating its usefulness for explaining Australia?s history ofinstitutional continuityand change. In your answer discuss three examples of howthe concept can be applied.Explain the role ofthe FairWork Commission inregulating the Australian labour market.Outline and discuss the role ofthe Commonwealth Constitution in setting the framework fortheregulation oftransport and communications in the Australian economy?What impact has deregulation had on the rural sector over recentdecades? Include a discussion as to whether you believe micro-economic reform has been, on balance, positive or negative in two ruralindustries.Given that Australia has shifted to service-oriented production of about 70% of GDP (with only about 26% from the industrialsector), what implications would furthertariff reductions have forAustralia?s manufacturing sector?Discuss the changes in, andstructure ofthe Australian financial system that led to the deregulation ofthe financial system in the 198os.Discuss the importance ofnational competition policy since 1995 and the role ofthe Australian Competition and Consumer Commission.It has been argued that poorprudential regulation in both the US and UK led to the global financial crisis. Evaluate the importance ofthe Wallis reforms ofthe 199os,and discuss to what degree, if any, these reforms shielded Australia from the worst of banking excesses.To what degree does theinformation revolution? circumvent domestic media regulation? In your answer, discuss the role ofthe ACMA and evaluate itseffectiveness.Given the WTO?s commitment to the most-favoured-nation principle of non-discrimination, why do bilateral trade agreementscontinue to proliferate? In your answer, evaluate whether such agreements strengthen orweaken the international trading system?CLICK HERE FOR MORE INFORMATION ON THIS PAPER? PRICE?..
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