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Nothing could be further from the truth. Australia has been at the forefront of trade liberalisation [1,2], unilaterally cutting tariffs for about 20 years.
by femto 15y ago
Nothing could be further from the truth. Australia has been at the forefront of trade liberalisation [1,2], unilaterally cutting tariffs for about 20 years. If anything, our current growth is a product of this liberalisation.
Income inequity is increasing, but the relative equality of income results from a unionised history (less so now), with the concept of "a fair go for all".
[1] http://www.wto.org/english/tratop_e/tpr_e/tp279_e.htm http://www.wto.org/english/tratop_e/tpr_e/tp279_e.htm
[2] http://www.theaustralian.com.au/national-affairs/push-on-doha-gets-nod-from-leaders/story-fnapmixa-1226180923588 http://www.theaustralian.com.au/national-affairs/push-on-doh...
- JamisonM 15y agoI suppose I should better state my premise: Trade liberalization is very much in Australia's interests because its geographic isolation has provided a degree of natural protection for domestic industries (not so now since shipping has improved) while liberalization also provides the market access that Australia needs anyway since it is a large exporter of raw materials. The growth is absolutely a product of liberalization, accidents of geography and timing have made it so.