Australia profile.
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Australia Location: Australia is located between the Indian Ocean and the South Pacific Ocean. Background & History: "Australia became a common wealth of the British Empire in 1901. It was able to take advantage of its natural resources to rapidly develop its agricultural and manufacturing industries and make a major contribution to the British effort in World Wars I and II. Long-term concerns include pollution, particularly depletion of the ozone layer, and management and conservation of costal areas, especially the Great Barrier Reef. A referendum to change Australia's status, from a commonwealth headed by the British monarch to a republic, was defeated in 1999." (The World Fact Book, 2003) Overview of Australia's Economy: "Australia has a prosperous Western-style capitalist economy with a per capita GDP on par with the four dominant Western Europe economies. Rising output in the domestic economy has been offsetting the global slump, and business and consumer confidence remains robust. Australia's emphasis...

