This time last year, Australia had just elected a new federal government, so I guess that, irrespective of our own personal political preferences, we all had a view that change would be a feature of 2008. But what sort of change and to what extent were just a couple of the unknowns.rnThe prospects of change in respect of climate change policy, integrated infrastructure priority setting and funding, workplace law, and education reform all carried reasonably high probabilities. And we might have also expected that studies, studies and more studies might be the order of the day to support "evidence-based" policy development. But did we really anticipate the roller-coaster ride of official interest rates; or the global financial crisis?rnThe latter is a daily changing, volatile event and we can only guess at where the next twist or turn might lead and how governments, financial institutions, stock exchanges and other public and private sector organisations might respond either prospectively or reactively.
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