This is a real life example of what we learn from the econ. The soaring Australian dollar has grabbed attention from the both the government and opposition party. Australian Deputy Prime Minister and Treasurer Wayne Swan was boasted with the strongest investment boom since the 1850 gold rush experienced by one of the prominent global economy. On the other hand, opposition spokesman Andrew Robb voiced out that the appreciation of Australian dollar will vividly affect the export of the country and the tourism industry. He reckons the government to cut down government reckless spending which leads to higher interest rate and consequently rising of Australian Dollar. One of the industries that have been hit hard is the cattle industry.
Criticism:
I am in the middle between the stand of the two groups of people. I think that pertinent action should be embraced after the reason for the rising of Australian dollar was being notified. May be, Mr Robb want to grab people attention and win support from the community. Thus he just spoke out what is opposite to the government. Still, it is just my guess and we don’t know what is really happen as we still not wise enough to do so.
Hopefully the issue on the soaring Australian dollar can be tackled thoroughly to ensure the well performance of
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