The paper "Environmental Issues and Economic Change in Australia" is an engrossing example of coursework on macro and microeconomics. Australia has adopted structural adjustment policies from the late 1980s to nurture commercial liberalism that is founded on market systems. Currently, there are minimal exertions advanced to Australian’ s economic safety for agriculture (Stern 2007, p. 17). Australia has persistently promoted for a liberalized worldwide trade in agriculture. Australia’ s environment has very unfavorable for agriculture due to its poor soils and low and unpredictable levels of rainfall (Pritchard & McManus 2000, p.
29). Water insufficiency is rampant in the country and its utility has grown into a crucial matter of natural resource. This essay analyses water accessibility and utility by agriculture in Australia. Additionally, its ecological effects are reflected alongside the range for the application of market systems in the effective distribution of water. There are more ecological issues topics such as pollution of water, the use of agricultural chemicals, land clearing agricultural expansion, and the effects of land degradation. These issues ultimately affect Australia’ s economy and GDP. This essay will recommend a major program, which is applied alongside other mechanisms, all of which are meant to promote land and environmental conservation.
The program entails co-management between local groups in communities (mainly agriculturalists) and public co-operation and the government as the means of promoting environmental management. Market-based systems of land management have not been encouraged in Australia. The view is founded on the conception that market instruments are insufficient on their own to handle numerous environmental issues generated by agricultural progress (Leviston et al. 2001, p. 22). Policy-makers have to reflect on different varieties of ways, none of which are considered as perfect (Stern 2007, p.
19). Physically, Australia is relatively different from the greater part of Europe, especially Eastern and Central Europe. Europeans started settling into the country after the USA’ s independence in 1788 upon the establishment of the first British colony (Deegan & Gordon 1996, p. 187).
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