Retail in Asia

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Australian economy fails to impress

AUSTRALIA may think the world of itself but the world does not think as much of it, at least not when it comes to a business environment, culture and social welfare, says a poll of citizens of the eight largest economies.

Foreigners rated Australia for its world-class lifestyle but marked it down as a place to do business, the quality of its products and services, its government and its contribution to the global economy, a survey by a think tank, the Reputation Institute, found.