Australia, Trade Policy and the Global South: An Odyssey over Five Decades

Richard Leaver

    Research output: Contribution to journalArticle

    2 Citations (Scopus)

    Abstract

    Like many states in the Global South, the Australian economy relies heavily on the natural resource sector for a large proportion of its export earnings. Four decades ago, this basic similarity eventually induced Australian governments to become 'fellow travellers' with the G77 quest for a new international economic order. When that quest was put to rest by the rise of neoliberalism, Australian governments then became fervent believers in free rather than managed trade; but in the contemporary era where neo-liberalism is now a dying policy creed, Australia's current resource boom begs the question of whether the time is now ripe for Canberra to reinvent this role. What the rationales might be for that 'back to the future' policy move is explored in the context of Australia's iron ore trade with China.

    Original languageEnglish
    Pages (from-to)375-387
    Number of pages13
    JournalThe Round Table
    Volume100
    Issue number415
    DOIs
    Publication statusPublished - Aug 2011

    Keywords

    • APEC
    • Australian trade policy
    • Cairns Group
    • Economic rationalism
    • GATT
    • International Commodity Agreement
    • Iron ore trade
    • New International Economic Order
    • Resource rent tax
    • Resources diplomacy
    • UNCTAD

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