Due to the isolation of Australia geographically, surrounding countries and their economies are

Australia and Indonesia have a close relationship and it is shown by how they visit each other often. Almost 16,200 Indonesians visited Australia in June 2016 moreover 116,000 Australian visited Indonesia in June 2016 more than any month in history. Indonesia was the most popular place to visit for Australians (June 2016), beating New Zealand as Australia's most popular holiday haven. Australian tourism

Australia has persistently had a high CAD around 4.2% of GDP since the mid 1980s.

The Australian economy is playing a crucial role in terms of global economy. Based on the government’s analysis, Australia has been placed at the top 20 for the world’s largest economy. This caused a lot of economists to pay attention to Australia’s performance. Economists use macroeconomic objectives to analyse the national economy. This essay will focus on two macroeconomic objectives, how they are measured, and how they relate to each other. Furthermore, it will also discuss Australia’s performance over the past three years (2013-2015) and predictions concerning Australia’s performance in terms of these objectives in 2016.

Australia has transformed its economy from an impoverished and subsistent indigenous economy to an advanced economy with one of the highest standards of living in the world. It has vast lands with rich exploitable resources and has a history of close-knit community building, a government with strong institutional rights from the beginning, flourishing businesses and the interactions of the private and public sector. It has not only tackled adversity in the form of economic depressions, inflation, and military conflicts but at the same time has also built prosperity through good economic policies, creation of major infrastructure and leveraging the benefits of international economic linkages.

According to AAFC (Agriculture and Agri-Food Canada, 2010) due to its extensive natural resources and geographical location, in the way of several of the world’s most important trading routes, Indonesia represents the Southeast Asia’s largest economy. On a global perspective, Indonesia is the fourth most populated country and has the largest Muslim population, besides being the world’s largest archipelago, with around 17,000 islands. The country’s GDP (Gross Domestic Product) is also showing considerable and stable growth throughout the years and unemployment rates dropped considerably (AAFC, 2011).

Indonesia had a GDP of 868.3 billion international dollars (GDP of Indonesia, 2016) and a GDP per capita of 3,475.25 international dollars in 2013 (GDP per capita, Indonesia, 2016). The GDP is primarily used to indicate an economies performance, it is measured by Y = C + I + E + G, where Y = GDP, C = Consumer Spending, I = Investment made by industry, E = Excess of Exports over Imports, G = Government Spending (Birch T, 2016). The GDP per capita is calculated by the GDP of a country, divided by the population of a country. The GDP and GDP per capita are very vital indicators of an economies progress. A rise in GDP shows that there an increase of value in an economy or there is a higher income or rise in expenditure which implies that there is a rise in the standard of living of the citizens and due to rise in income there will be a higher spending on various goods and services like healthcare, education, etc. Therefore as Australia’s GDP is higher than Indonesia’s there is an indication of higher living

As you can see in this set of data, a substantial portion of the aid given is linked to Australia’s economic interests in Indonesia – mainly in the provinces of Java and

Australia’s culture consists of many different varieties of people. It Is a very multicultural country that is rich in their past culture. Australia consists of approximately 23.6 million people. Australia is the sixth largest country, located between the Indian and Pacific oceans. Australia is mainly known for its 19 world heritage properties, it is also known for famous buildings such as the Sydney Harbor Bridge. One of the main reasons I chose Australia as my topic is due to its diverse island like continent, this makes it very unique from the united states and I am very curious to see the differences in the economies between the two and to see if the island continent causes a change due to its location.

Delving into the economic heart of Australia for an understanding its economy. Australia is located in a region known as Oceania (a huge body of water) that houses the island called Australia. According to John Pearson, author of the 2015 report “Our World,” Australians Population estimates around 22,750 million people. Australian population spreads across this mass of land that spans 2.96 million square miles with almost half of the land climate is dry desert. Surprisingly with such dry climate, and mostly desert the crops are plentiful (Andrew C. Chang) (Australian Bureau of Statistics) (Pearson).

The United States and Australia are industrialized countries with English-speaking populations, and they face the challenge of providing citizens with health care coverage. The aim of this paper is to exam the differences and similarities that can be found in both countries with regard to the health care system. Both have government programs such as Medicare, which is designed for the population in different guidelines that determine eligibility, and both populations use private insurance. With the implementation of the Affordable Care Act (ACA), the United States is attempting to cover a large population of those needing health insurance. However, in Australia, the Medicare system covers a larger portion of its population. The rise in cost and spending for health care is dramatically different in both countries. The money spent on health care brings about different data with regards to which country has the best health outcome. The patient-physician relationship in each country is different. The infant mortality rate, obesity, smoking and life expectancy also show how each country differs from each other. The use of electronic health records and ways of containing costs is changing the health care system in each country. The design and effectiveness of each health care system are different, but share some similarities. The effectiveness system brings about different perspectives with regards to health care.

Indonesia is the sixteenth largest economy, the largest economy in the South-east Asian economic region with the world's fourth largest population (263 million in 2017). It is an emerging economy that has increased its international integration, trade liberalisation and diverted from policies of import substitution towards export-led development. Indonesia is a member of the Group of 20 (G20) major economies and has been an active founding member of the World Trade Organisation (WTO). The impact of globalisation has benefited Indonesia as quality of life indicators and economic developments have improved but it also presents the challenge of improving regulations, building more competitive industries, increasing investment into education and infrastructure to remain competitive. Consequently, Indonesia has introduced numerous strategies to promote economic growth and development.

Indonesia is the largest economy in South East Asia, primary industry of industry (47%), agriculture (15%) and a service industry that makes up nearly 40% of the GDP. More than 1,000 islands totalling almost 2,000,000sq/km make up the largest archipelago in the world. In 2012 the labour force stood at 120 million, 16 times the population of NSW. So what we have is a top 20 economy with a huge workforce and natural resources worth 10s of billions a year.

“In 1998 20% of the Indonesian population were below the poverty line. In 1999, 28% of the population was below the poverty line. Then in 2000, 22% of the population was below the poverty line” (Rukmana).

Indonesia can best be described as a powerful emerging market. Indonesia has managed to relinquish its former status as a third world country and make a name for itself in the world market. Currently, it is the third largest populated country in Asia with 254.5 million, right behind China and India respectively.5 It has the sixteenth largest economy as of 2014 based off

And Australia has found it hard to dismantle the barriers to processed minerals and food in the Asian markets, and this impedes their development of value-adding industries and job creation. But from the Asia's pt of view, Australia's tiny population of 17 M means little to the Asian giants, for example when compared to Indonesia's 180 M. A qoute from the Malaysian Info minister, 'Australia depends on Asia and not the other way around.' may reflects Australia's position, at least this is the way the Asians see it. Immigration (See Overhead - Immigration)