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AGRICULTURE IN THE BALANCE OF PAYMENTS

AGRICULTURE IN THE BALANCE OF PAYMENTS J. G. CRAWFORD, C.B.E. L)cpartitzent of Trade I. TliE PKOBLICJI POSED SOME POSSIBLE LINES OF APPROACH 3. TIIE PLA(‘E OF .z~GRICULTC‘HE 4. THE ROLE OF FARM EcoNoirics 5. CONCLl.SXON :!PPENDIX There iiiust be reasons for clioosing such a title. The reasons are- (a) The balance of payments is, and is likely to remain, a key problem for -Australia ; and jb) The products of agriculture are tlie source of the bulk of our . export income and are likely to reinain so. 1. THE PROBLEM POSED The question really posed then is whether agrictilture can carry the external economic burden of Australia’s chosen road of development, namely- (i) forced population grondl by way of migration : ( ii) full employment ; and (iii ) the expansion, or at least tlie niainteiiance, of living staudarcls. ‘I’hese objectives have become postulates or articles of faith in the economic thinking of very inany -4ustralians. XI1 will be familiar with the broad balance of paynients situation- an understailding now helped by Treasury Bulletins and an improved standard of public debate. Anyhow, 1 will asstime sufficient familiarity with the position last year and the current improvement. I would like, however, to suggest some evidence http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png The Australian Journal of Agricultural Resource Economics Wiley

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Publisher
Wiley
Copyright
Copyright © 1957 Wiley Subscription Services, Inc., A Wiley Company
ISSN
1364-985X
eISSN
1467-8489
DOI
10.1111/j.1467-8489.1957.tb00001.x
Publisher site
See Article on Publisher Site

Abstract

J. G. CRAWFORD, C.B.E. L)cpartitzent of Trade I. TliE PKOBLICJI POSED SOME POSSIBLE LINES OF APPROACH 3. TIIE PLA(‘E OF .z~GRICULTC‘HE 4. THE ROLE OF FARM EcoNoirics 5. CONCLl.SXON :!PPENDIX There iiiust be reasons for clioosing such a title. The reasons are- (a) The balance of payments is, and is likely to remain, a key problem for -Australia ; and jb) The products of agriculture are tlie source of the bulk of our . export income and are likely to reinain so. 1. THE PROBLEM POSED The question really posed then is whether agrictilture can carry the external economic burden of Australia’s chosen road of development, namely- (i) forced population grondl by way of migration : ( ii) full employment ; and (iii ) the expansion, or at least tlie niainteiiance, of living staudarcls. ‘I’hese objectives have become postulates or articles of faith in the economic thinking of very inany -4ustralians. XI1 will be familiar with the broad balance of paynients situation- an understailding now helped by Treasury Bulletins and an improved standard of public debate. Anyhow, 1 will asstime sufficient familiarity with the position last year and the current improvement. I would like, however, to suggest some evidence

Journal

The Australian Journal of Agricultural Resource EconomicsWiley

Published: Feb 1, 1957

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