Australia's challenges are no mystery but take courage to tackle

Country's economic imbalances only set to get worse

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Australian tourism development has been held back by a lack of investment outside existing major centers, high costs, increasing airfares and overreliance on the China market. © Reuters

Satyajit Das, a former banker, is the author of "A Banquet of Consequences: Reloaded" and "Fortune's Fool: Australia's Choices."

While Australia remains a wealthy nation in terms of gross domestic product per capita, growth has been stagnant for a decade.

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