Australia could bolster it's economy with some of the following ideas that may also generate global investment opportunities:
Since Australia is home to a plethora of iron ore this is easy; Manufacture more weapons and sell them.
Invest into Meteo Systems to create water. I would say create more desalination plants, but, the Meteo systems would be more cost effective. Why create water, to sell it and consume it.
Also, after having the meteo systems in place; terraform infertile areas into fertile plains. This land could then be used for Agriculture and New residential/manu/commercial Development.
New areas of development would also aid in transportation development. New roads/rails. For example, say a resort town in the center of Australia is built; with its man made lakes, luxury golf courses, etc etc is built - a new bullet train system to Perth and Sydney would be nice.
R and D departments would need to be developed for Terra forming. Their tasks would not be limited in developing usable fertile lands; they could also create and research future tech. Tech that will be used for under sea and off earth Terra forming.
Australia needs to look at it's policy on marijuana as America is currently doing so. A marijuana supply to a billion Chinese sounds like a plan to me. If marijuana laws were relaxed to the point where the plant were legal and assessable, it would also help boost tourism, let alone local tax revenues. We are talking a billion dollar industry; without becoming china's supplier.
Why an Island continent isnt the World's Fort Knox is beyond me. This country should become neutral and house all the worlds precious metals and gems -The world banks safety deposit box.
eh.. f it. Im going to bed.
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