Word: forli
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Dates: during 1950-1959
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Menzies strengthened the powers of arbitration courts, also worked hard for better working conditions and labor-management relations. Result: Australia is now enjoying its quietest industrial relations in 24 years with only 185,000 working days lost from strikes in the first six months of 1959 v. 1,100,000...
Immigration to crack production bottlenecks and bring new blood to the isolated country was another big factor. A third was a huge public works program that has spent $1.2 billion to standardize the nation's chaotic five-gauge railroad system, build new airports, roads, telephone and telegraph lines, and...
The Race to Invest. Foreign capital for every sort of enterprise has come in since 1954 at the rate of $225 million annually, some 85% of it from Britain and the U.S. Britain is still Australia's biggest partner, but the U.S. is coming up fast. In 1948 the...
No fewer than four U.S. automakers, Willys, Ford, Chrysler and General Motors, are scrambling for shares of the growing auto market. G.M.'s Holden subsidiary began in 1948 to produce a small car for Aussie markets, sells 100,000 units annually and posted a profit last year of $34...
Handsome Profits. The one complaint that Aussies have about foreign capital is the lack of opportunity for local participation in the new companies. Only about 40 of the U.S. manufacturing subsidiaries are publicly owned, and of these only eleven have some degree of Australian ownership. But the Aussie who invests...