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**Heacechig** · 09-21-2012, 09:17 PM

We have to agree with Brendan on this one.

In fact, where traditionally Australia has relied on what's underground (mining) and grown in the ground (agriculture) as a firm base of the economy, we see massive opportunity in online worlds bridging the geographic gap between Australia and the rest of the world. This represents strong potential to build a third major industrial leg for our nation.

Sure other places can do it cheaper, faster. That will always be the case. However cheaper,faster are not always the only determinants of success.

In recent times, we have started many businesses in Australia which have a global focus (= foreign $$$).

So if we are looking at arbitrage, there is no need to even give up the quality of life enjoyed in Australia!

PS: We would also argue that 'Global Arbitrage' should not be limited just to exchange rates. Population is an equally important factor and is not as fluid as exchange rates (just look at the US$ in recent times).

09-21-2012, 09:17 PM	#2
Heacechig Join Date Oct 2005 Posts 484 Senior Member	We have to agree with Brendan on this one. In fact, where traditionally Australia has relied on what's underground (mining) and grown in the ground (agriculture) as a firm base of the economy, we see massive opportunity in online worlds bridging the geographic gap between Australia and the rest of the world. This represents strong potential to build a third major industrial leg for our nation. Sure other places can do it cheaper, faster. That will always be the case. However cheaper,faster are not always the only determinants of success. In recent times, we have started many businesses in Australia which have a global focus (= foreign $$$). So if we are looking at arbitrage, there is no need to even give up the quality of life enjoyed in Australia! PS: We would also argue that 'Global Arbitrage' should not be limited just to exchange rates. Population is an equally important factor and is not as fluid as exchange rates (just look at the US$ in recent times).
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