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I 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
by JamisonM 15y ago
I 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.