@inproceedings{e87c97a4a22447019b0cb79dd9982b4a,
title = "The Mining industry: from bust to boom",
abstract = "The Australian mining industry experienced a remarkable revival over the 2000s. At the beginning of the decade, mining was dismissed as emblematic of Australia's {\textquoteleft}old economy{\textquoteright}, with prices for key resource exports at their lowest levels in real terms for a century.[1] This seemed to corroborate the Prebisch-Singer hypothesis that commodity prices would continue to fall over time relative to other goods and services.[2] However, the rapid urbanisation and industrialisation of emerging economies in Asia dramatically transformed global commodity markets over the 2000s. This paper highlights the turnaround in the fortunes of the mining industry, and discusses the effects on the economy more generally.",
author = "Ellis Connolly and David Orsmond",
year = "2011",
month = dec,
day = "14",
language = "English",
isbn = "9780987148858",
series = "Proceedings of a conference (Reserve Bank of Australia)",
publisher = "Reserve Bank of Australia",
pages = "111--156",
editor = "Hugo Gerard and Jonathan Kearns",
booktitle = "The Australian economy in the 2000s",
note = "The Australian economy in the 2000s : the Reserve Bank of Australia's conference 2011 ; Conference date: 15-08-2011 Through 16-08-2011",
}