Foreign investment remained a key ingredient, hitting a record 18 per cent of GDP in 1911. By 1913, more than $ billion had been invested in railways alone, equal to about $ billion today, in a country of just 7.5 million people. Another important trend began to emerge during this period—our economy was becoming more diverse.
Circular economy means that the value of products, materials and resources is maintained in the economy for as long as possible and waste generation is minimised.