Australia is known for its prosperous economy, but beneath the surface, there are significant challenges and risks. It has a unique economy, shaped by its geographic isolation, reliance on natural resources, and booming housing market. ⛏ Australia's population growth, driven by immigration, has fueled economic activity, and the mining boom has transformed the country. ‍♂ However, despite being the world's 13th largest economy, Australia's economic complexity has declined significantly. In comparison to South Korea's transformation into a hightech powerhouse, there is a clear need for a serious vision for Australia's future to ensure longterm competitiveness and stability. #australia #australiaeconomy #economy #australiavscanada #geopolitics

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