1. Australia and the Rules of International Trade and Finance
- Author
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Conley Tyler, M, Gyngell, A, Wakefield, B, Thurbon, E, Conley Tyler, M, Gyngell, A, Wakefield, B, and Thurbon, E
- Abstract
Throughout the second half of the Twentieth Century, Australia was a fierce advocate and defender of the multilateral rules-based economic order. Since the early 2000s however, the Australian government has privileged the pursuit of preferential trade and investment agreements, and now sees the pursuit of preferential deals as central to the advancement of its broader foreign policy goals. In this chapter, I assess Australia's contribution to the rules-based international order in trade and finance from the end of WWII to the present. I also examine the relationship between Australia's trade and investment policy approach and its broader foreign policy objectives by asking: are the economic rules Australia is promoting likely to advance or undermine its stated foreign policy goals? My aim is to advance debate about the most desirable future direction of Australia's foreign economic policy agenda.
- Published
- 2021