Trade liberalization and the washington consensus in Australia

Ross Garnaut

doi:10.1142/9789813274754_0023

Trade liberalization and the washington consensus in Australia

Ross Garnaut^*

^*Corresponding author for this work

Research output: Chapter in Book/Report/Conference proceeding › Chapter › peer-review

Abstract

Australia is almost one decade into a historic transformation, from an inward-looking, inflexible economy heavily specialized in exports of primary products to an open, market-responsive economy with a much more diverse pattern of exports. Australia has moved from having the most protected manufacturing sector of any OECD country to a set of policies that, if implemented as announced, will give it the most open trade policies among the advanced economies. It has been a slow and gradual transition, within an old and conservative democracy. But it has been consistent and inexorable, although since 1992 political cross-currents have become more important in the aftermath of recession….

Original language	English
Title of host publication	World Scientific Reference on Asia-pacific Trade Policies
Subtitle of host publication	Agricultural and Manufacturing Protection in Australia
Publisher	World Scientific Publishing Co
Pages	673-696
Number of pages	24
Volume	2
ISBN (Electronic)	9789813274709
DOIs	https://doi.org/10.1142/9789813274754_0023
Publication status	Published - 1 Jan 2019

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Trade liberalization and the washington consensus in Australia

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