‘Minimum effective regulation’ and the mining industry*
نویسنده
چکیده
The history of the mining industry is intimately connected with government regulation. As in many other countries, this reflects the fact that the Crown has reserved almost all mineral rights to itself. In many cases regulation has had adverse consequences for the sector. A notorious example was the ban on exports of iron ore in the 1960s, which depressed exploration activity and postponed the development of a major contributor to Australia’s prosperity.
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