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The Australian governments of this period, dominated by the conservative Liberal Party of Australia, were broadly successful in maintaining economic growth and unemployment, but were criticised by opponents for failing to effectively control inflation, instituting periodic "credit squeezes" (1952 and 1961), and rejecting national economic ...
United States trade deficits from 1997 to 2021. Deficits are over 50 billion dollars as of 2021 with the countries shown. Data from the US Census Bureau.. The balance of trade of the United States moved into substantial deficit from the late 1990s, especially with China and other Asian countries.
The history of Australia since 1945 has seen long periods of economic prosperity and the introduction of an expanded and multi-ethnic immigration program, which has coincided with moves away from Britain in political, social and cultural terms and towards increasing engagement with the United States and Asia.
The National Service Act 1951 is a repealed Act of the Parliament of the Commonwealth of Australia. [1] It provided for the compulsory call-up of males turning 18 on or after 1 November 1950, for service training of 176 days. [2] Trainees were required to remain on the Reserve of the Commonwealth Military Forces (CMF) for five years from ...
"By the early 1960s, domestic industry supplied 95% of Mexico's and 98% of Brazil's consumer goods. Between 1950 and 1980, Latin America's industrial output went up six times, keeping well ahead of population growth. Infant mortality fell from 107 per 1,000 live births in 1960 to 69 per 1,000 in 1980, [and] life expectancy rose from 52 to 64 years.
In 1951, during the Korean War, national service was introduced under the National Service Act 1951. All Australian males aged 18 had to register for 176 days training (99 days full-time) and two years in the CMF. Later, the obligation was 140 days of training (77 days full-time) and three years' service in the CMF.
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Case in point, post 2015 Nepal earthquake, Nepal's trade gap (in goods & services) was a shocking 33.3% of GDP [27] although heavy remittances considerably offset that number. According to the U.S. Department of Commerce Bureau of Economic Analysis (BEA), January 27, 2017 report, the GDP "increased 4.0 percent, or $185.5 billion, in the fourth ...