Australian economy

As individuals, we are consistently taught about the merits of learning from our experiences and mistakes, with the expectation that we may grow both in terms of our knowledge and behaviour. If we fail to do this, then we must understand that we will subsist in a repetitive cycle of inadequacy, punctuated by sporadic highs and then lows of experience. The same philosophy applies to government rule, and a specific regime is often only as effective as the wisdom that its leaders gain from a countries history.

However, it is not only historical or domestic examples of rule that can influence a governments ideology, as knowledge and effective methodology can also be drawn from other nations across the globe. For a country to advance and continually adapt to an ever changing set of circumstances, a willingness to learn is crucial, as in awareness of its own standing in the contemporary world order. It is the unfortunate case that nations that fail to adhere to these principles often suffer from negative consequences, whether in the guise of social issues or instances of financial difficulty.

Current Examples of Prosperity

An example of the latter can be witnessed in contemporary USA, where the nation faces a series of domestic challenges while attempting to mediate in various international affairs. Given the countries perilous economic state, this diverse balance of activity is not adequately supported by the requisite financial or corporeal resources, which has the inevitable consequence that several aspirations will go unfulfilled. The current situation in the US displays a general lack of awareness, both of its own global standing and contemporary models of successful rule.