UNSW academics offer differing solutions in the attempt to ‘cool down’ rising trade tensions between Australia and China.
The US is still an important market for Australia but ultimately an international multilateral-based trading system is better than the US having deals of managed trade around the world, says JW Nevile Fellow in Economics Tim Harcourt.
Australian exporters want a trade agreement with the UK as well as the EU, says international trade expert.
JW Neville Fellow in Economics Tim Harcourt advises that Australia can use higher education and digital learning to skill up the workforce and build greater capacity in the economy.
In 2018, China began a barley investigation in response to Australia imposing anti-dumping duties on Chinese steel and aluminium.
China's dumping stoush with Australia isn't just about barley. But it is about trade and unfinished business in global trade rules.
We will trade, but take more account of our interests than before, and we will trust government more.
The threat of punitive tariffs made by China against Australian barley isn't new. The consequences could be dramatic.
Outsourcing and offshoring will slow down due to social distancing measures and political pressures to keep jobs at home, says economist Tim Harcourt.
If the 1991 recession is the ‘recession we had to have’ then 2020 is the economic slowdown we had to engineer.