The Collapse of the Australian Wool Reserve Price Scheme
Author | : Peter Bardsley |
Publisher | : |
Total Pages | : 24 |
Release | : 1992 |
Genre | : Wool |
ISBN | : 9780858168312 |
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Author | : Peter Bardsley |
Publisher | : |
Total Pages | : 24 |
Release | : 1992 |
Genre | : Wool |
ISBN | : 9780858168312 |
Author | : Australian Bureau of Agricultural and Resource Economics |
Publisher | : |
Total Pages | : 88 |
Release | : 1990 |
Genre | : Price regulation |
ISBN | : |
Author | : Malcolm Abbott |
Publisher | : |
Total Pages | : 0 |
Release | : 2020 |
Genre | : |
ISBN | : |
This paper provides a policy commentary on the collapse in 1991 of the Australian Reserve Price Scheme for wool. A key cause of the collapse in the Scheme was a change in the RPS's governance arrangements, which led to increased political pressures to raise prices to unsustainable levels. In addition, in this paper an estimation has been made of the direct, upfront costs of the operation of the scheme, drawing on the financial accounts of the various agencies operating the RPS and subsequent wool stockpile. This was undertaken to determine the scale of the policy failure.
Author | : Charles Massy |
Publisher | : Univ. of Queensland Press |
Total Pages | : 352 |
Release | : 2016-07-01 |
Genre | : Business & Economics |
ISBN | : 0702246832 |
The 10-billion-dollar collapse of the wool industry is considered one of Australia's biggest business disasters, and for the first time, the shocking true story behind this colossal collapse is revealed. Spanning 170 years from the birth of the industry in 1840 and its boom during the 1950s through its unraveling from 1980 to 1991, this is a searing account of greed, political corruption, and heavy-handed protectionism. As it uncovers the never-before-seen archival sources, government and board papers, and private correspondence and shares exclusive interviews with key whistle blowers, this narrative unveils the gripping true story of government corruption in a seemingly untouchable industry.
Author | : Australian Mercantile Land and Finance Company |
Publisher | : |
Total Pages | : 13 |
Release | : 1967 |
Genre | : Wool industry |
ISBN | : |