Parallels with the Current Situation The Australian economy of the 21st century is structured very differently than it was during Bert's career. But there are a number of parallels and some of the challenges we face would seem familiar to him. Back then, Australia was said to ride on the sheep's back.
Together, wool and wheat were close to half of Australia's goods exports in the 1960s. Agriculture accounted for more than 40 per cent of http://www.rba.gov.au/speeches/2017/sp-ag-2017-11-15.html  3/16  16/11/2017  Where is the Growth Going to Come From? | Speeches | RBA  business investment.