|May 30, 2012|
Paul Cleary one of Australia’s most respected political and economic writers to visit Manly to talk on his book ‘Too Much Luck: The Mining Boom and Australia’s Future’
- Wednesday 30 May 2012 from 6.30pm
- Manly Library
- $10 entry, bookings essential
Manly Library, Market Place, Manly bookings essential on 9976 1747).
Could Australia’s resources boom be a curse? Distinguished author says: ‘Yes, it could’ says Paul Cleary.
Paul Cleary, one of Australia’s most respected political and economic writers, is to visit Manly to talk about his latest book, ‘Too Much Luck: The Mining Boom and Australia’s Future’, which reveals how Australia’s resource boom – which many think a blessing – could actually be a curse.
Paul Cleary is a senior writer with The Australian newspaper and a researcher at the Australian National University. In a career spanning twenty years he has reported on politics and economics, worked as a correspondent in Southeast Asia and been an adviser to the government of East Timor.
Paul Cleary’s book, Too Much Luck: The Mining Boom and Australia’s Future, discusses the many potential pitfalls of a rapidly accelerating resources boom, and the traps that many countries before us have been caught in: a heady period of boom and growth, followed by a painful bust.
Paul Cleary maps out the landscape of Australia’s resource boom, counts the human and environmental costs, shows what has worked overseas – and suggests a better way forward.
“As the mining boom accelerates, it will drive the dollar sky-high, forcing up the cost of doing business for everybody. Industries such as tourism and education—industries that, unlike mining, involve many jobs—will fade away. But what happens if commodity prices suddenly collapse, as they did with the global financial crisis in 2008; or worse, when the resources run out?”
Paul Cleary’s previous books are Shakedown: Australia’s Grab for Timor Oil and The Men Who Came Out of the Ground.