micro ---> structural change (1 Viewer)

[Haku]

which micropolicies and reforms lead to structural change?

 

[biscuit]

Product Markets -

Trade Practices Act 1974
- Outlawed Monopolisation, Price discrimination, exclusive dealing + Collusion

National Competition Policy (Competition Policy Reform Act)
- Established ACCC
- State Govt. instrumentalities - agreed to reform gas+water etc
Lots more for this, can't remember :/

Tax Reform
- New Tax System July 2000 --> increase productivity etc

Factor Markets -

Industrial Relations Reform
- Workplace Relations Act 1996
- New IR Laws that come in next year

Reform of Financial System

Regulation + Deregulation

Corporatisation/ Privatisation/Commericalisation/Competitive Neutrality

I think thats the basics of it.. i've prolly missed out on some stuff, micro is my worst topic

 

[Haku]

thanks,

i am really confused. does all form of microreform lead to structural change with in the economy?, like micropolicies is structural change?

 

[khoshgelleh]

think of mirco policy as assisting structural change and structural adjustment --> as it encourages effiecency and productivity which is part of structural change.

 

[sunjet]

microeconomic make firms more efficient etc thus that would change their production patterns, thus promoting structural change.