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“According to the World Bank, Australia is the fastest place in the world in which to start a business, with regulatory procedures taking just two days”. (About Australia)
• Has the fewest restrictions on product markets of all of its 30 member countries, the lowest level of public ownership of business and the least restrictive impact of business regulation on economic behavior.
• “Australia recently partially deregulated the banking sector, removing many interest rate limits and allowing the entry of 16 new foreign banks, five of which were U.S. banks. Chase Manhattan and Citibank are moving rapidly into the retail banking sector and beginning to provide competition for what was a rather entrenched banking system”...
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