Rebuilding Australia's finance

Nation-wide debt problems left unchecked have incubated a series of increasingly dangerous financial exposures in Australia.

As widespread community ill-ease attests, arrangements need to be rebuilt in several key areas. Practical prudent options for governments, businesses and communities are discussed. Apt actions can prevent our debt dreamtime imploding the economy and destroying much we value.

Dr McGovern’s main recent lecturing responsibilities at QUT were in the areas of Industry Analysis, International Economics and Finance for International Business. As principal supervisor, Mark worked with Doctoral students in well-regarded investigations in areas including: Infrastructure Evaluation; International monetary stances, channels and impacts; Principal-agent problems; and Pass-through deficits after Trade Liberalisation.

His efforts for the Queensland Government included research into Financing Transport Infrastructure and work as a member of the Rural Debt and Drought Taskforce. Mark has addressed Parliamentary Inquiries and many community meetings, with a particular recent emphasis on rural debt and its proper resolution.

Significant contributions were made to the 2013 Federal “Reserve Bank Amendment (Australian Reconstruction and Development Board) Bill” which sought to avoid impoverishing fire sales and to support prudent, mutually beneficial resolutions of debt problems.