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How Did Australia Turn Distance Into an Economic Advantage?
At first glance Australia looks like an economic contradiction. It is geographically isolated, far from the large population centres of Europe and North America, and its cities are separated by vast stretches of sparsely populated land. For much of history distance was considered a disadvantage in trade. Transporting goods across oceans was expensive and slow, and countries located far from markets often struggled to integrate into global commerce. Yet modern Australia has ma
1 day ago3 min read
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