Trade
Trading up can unlock India’s industrial potential
Since India moved away from its socialist economy in 1991, it has had many transformative successes, but its biggest failure continues to be the absence of a robust manufacturing…
“Play defence” in any collective response to China’s economic coercion
Many Western governments consider Beijing’s frequent use of economic sanctions a “clear and present danger” to the global economy which erodes the rules-based order. Canberra…
Economic diplomacy: Friends, rivals and diplomatic gaslighting
Hitting the gas
Japan’s ambassador to Australia Shingo Yamagami made himself an unexpectedly public figure in the reserved Canberra diplomatic corps with his witty social media…
Economic diplomacy: Arming up for war and trade
Guns AND butter
It took a Second World War general-turned-president in Dwight Eisenhower to provide one of the most evocative articulations of the classic government spending…
Indonesia’s uncertain climb up the nickel value chain
Indonesia has historically had limited success with industrial policy. That may now be changing, with recent interventionist policies targeting the nickel sector suggesting…
What the China thaw means for Australia’s trade diversification agenda
The meeting this week between Australian Trade Minister Don Farrell and his Chinese counterpart Commerce Minister Wang Wentao represents more than just the next instalment in the…
Economic diplomacy: Diversification is hard to do
Catching up
It is now 25 years since then World Bank senior vice-president and chief economist Joseph Stiglitz remarkably turned on his employer to set out a roadmap for …
How will China’s punitive trade restrictions against Australia end?
Recent reports of an imminent meeting between Australia’s and China’s trade ministers have raised hopes of progress toward the removal of the trade restrictions that China imposed…
Crossing the carbon border
In 2023, climate rules in international trade become real.
With the introduction of the European Union’s Carbon Border Adjustment Mechanism (CBAM), trade rules based on the…
To unchain Indonesia’s commodity reliance
Indonesia’s dependence on commodity wealth has been a prominent feature in its economy. The archipelago’s abundance of minerals and agriculture resources coupled with poor local…