The effects of China’s demand for iron ore on the Australian economy
In your essay, you are expected to illustrate:
• The broad details of how China’s demand and Australia’s investment and supply of iron ore have evolved over the past 15 years (in brief)
• the impact of this event on the Australian macroeconomic cycle and labour demand
• the consequent challenges for fiscal and monetary policy in managing the macroeconomic cycle
• the opportunities and risks to the future of Australia’s ongoing iron ore (and more broadly its economic) engagement with China.
In fact, it has been asserted that ‘each film is a brand in itself, and as each film releases we have a fresh new brand of fashion and lifestyle products pushing fashion among the masses’ (Bansal 2005). It seems clear that the film industry is closely intertwined with the world of fashion. ‘After all, selling fashion products is a perception game. While the product needs to be inherently good and wearable, the aspiration value comes from its association with a leading personality who the masses idolise and look up to’ (Bansal 2005). It is through the subliminal—and not so subliminal messages of film that we grew accustomed to designer names like ‘Tommy Hilfiger’ or ‘Fubu’. The increasing popularity of Hindi films has had a similar effect on our likes and dislikes, as the fashions associated with them have become highly marketable. The most popular role models of Bollywood include such superstars as Bipasha Basu, Madhu Sapre, Katrina Kaif, Dino Morea, and John Abraham The movies themselves are popular for a variety of reasons. First of all, they are usually entertaining, with compelling scenery and appealing musical backgrounds. In addition, they are the types of movies that allow viewers to escape from their own lives and be wrapped up with what is on the screen. Generally they have a plot line that is some variation on the ‘rags-to-riches’ theme. There is usually some sort of romance, and of course, the boy always gets the girl in Bollywood. These movies also have an appeal that reaches all ages as well as all ethnicities—perhaps because most people like a happy ending. However, Bollywood films may appeal to young Indians on a deeper level. The actors who star in them are true role models, because the films mirror issues that are specific to them: ‘Increasingly these films are about the schizophrenic worlds that contemporary young Indians live in, the worlds of airplanes, blended cultures and the east-west embrace’ (Melwani 2005). Thus, young people recognize and respond to this. They, too, want to be strong and independent. They express their admiration by modeling themselves after their icons; in addition, they tacitly express their aspirations by emulating the very people who embody them. The explosion of Bollywood fashion has also increased cultural knowledge, as new terms for specific garments filter into other languages. The sari (also spelled ‘saree‘) is an unstitched piece of cloth that is draped around a woman’s body; this, of course, the most well known. Other words have cropped up as well, such as salwar-kameez and dupatta. The salwar-kameez refers to a women’s suit that usually consists of a kameez (tunic), a salwar (pair of loose pants), and a dupatta (matching scarf worn in various ways). These garments, traditionally worn by women of India, Pakistan, and Bangladesh, are now becoming globally known.>GET ANSWER