New answers tagged australia
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Why does Australia export so much raw materials instead of steel and other value added products?
Regarding iron ore, it's not for the want of trying.
The two major iron ore producers in Australia, BHP and Rio Tinto (formerly CRA - ConZinc Rio Tinto Australia) both had programs to convert iron ore ...
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Why does Australia export so much raw materials instead of steel and other value added products?
Short answer...
specialization increases income for individuals and profit for companies.
Longer answer...
By comparing income and profit from domestic manufacturing with the alternative sources of ...
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Why does Australia export so much raw materials instead of steel and other value added products?
Well, first thing to remember is that looking to add value to raw/intermediate resources is an old, old, goal pursued by many countries. One that fairly often goes wrong.
The Economist has for ...
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Why does Australia export so much raw materials instead of steel and other value added products?
only considering that part of steel production that is exported back to Australia
Because China (where most of the Australian ore goes, and from where China imports most (2/3) of its ore for that ...
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