Four is company: the alliance and the Quad (Chapter of ANZUS at 70: the past, present and future of the alliance)

The Australia–US alliance is often thought of primarily in defence and security terms. Fostered in the shared experience of the Pacific War, and institutionalised in the early years of the Cold War, security cooperation has formed the foundation of the bilateral relationship. Less appreciated, however, are the history and importance of economic collaboration between Australia and the US. The countries’ shared economic values have been instrumental in shaping the global and regional economic orders over the past several decades through institution-building and rule-making efforts.