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ID108144
Title ProperAustralia, trade policy and the global south
Other Title Informationan odyssey over five decades?
LanguageENG
AuthorLeaver, Richard
Publication2011.
Summary / Abstract (Note)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 neo-liberalism, 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.
`In' analytical NoteRound Table Vol. 100, No. 415; Aug 2011: p.375-387
Journal SourceRound Table Vol. 100, No. 415; Aug 2011: p.375-387
Key WordsAustralian Trade Policy ;  Iron Ore Trade ;  UNCTAD ;  GATT ;  New International Economic Order ;  Cairns Group ;  Resources Diplomacy ;  Economic Rationalism ;  APEC ;  Resource Rent Tax ;  International Commodity Agreement