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Abstract
There has been a recent tendency for the location of executive leadership of
companies engaged in natural resource-based production to shift from Australia to
the Northern Hemisphere cities. What is the cause of this tendency?Does it matter to
Australian welfare?If it matters, is there any action by Government that can weaken
the tendency or reduce its negative effects?
Direct regulatory intervention to prevent relocation of corporate headquarters is
unlikely to increase Australian welfare. However, reforms to reduce transport and
telecommunications costs and to increase the attractions of residence in Australia of
people with skills that are important in executive leadership would have positive
effects