Saturday 19 Aug 2017 | 04:03 | SYDNEY
What's happening on
  • 18 Aug 2017 14:17

    Indonesia's unorthodox toll road debt

    Borrowing at a low interest rate might look attractive but, in the long term, the government - and its citizens - pay through higher cost of finance.

  • 18 Aug 2017 12:01

    South China Sea: Beijing raises the temperature again

    Asia has acquired yet another flashpoint, one that China has deliberately picked at a time and location of its choosing.

  • 18 Aug 2017 09:55

    Perfidious New Zealand

    The thing that puts New Zealand on the world map is rugby, and New Zealanders will do everything in their power to retain their rugby primacy.

Australian trade, investment & economy

Why DFAT is wrong on the opportunity cost of FTAs

Last month the Department of Foreign Affairs and Trade (DFAT) secretary, Peter Varghese, had this to say about Australia’s participation in the global movement toward preferential free trade agreements (FTAs): To not participate would carry with it a significant potential opportunity cost, as

Douglass North and the Trans-Pacific Partnership

Now that the terms of the Trans-Pacific Partnership (TPP) have been agreed, the participant countries have to decide whether to ratify the deal. In assessing the benefits, where might we turn for guidance on the economics? First thoughts might go to David Ricardo, father of one of the few ideas

TPP: Australia should bring in China and Indonesia

The negotiators have finally reached agreement on the Trans-Pacific Partnership (TPP). The US Congress might yet be a stumbling block, but the many US interest groups which stand to benefit will influence that outcome. Other TPP countries have to get legislative approval too. Whatever the

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