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Category: International trade
Governance arrangements and trade negotiations – Bill Carmichael
Bill Carmichael, the legendary former Chairman of the Industries Assistance Commission, was a very influential figure behind major economic reforms that have delivered substantial benefits to Australia. We are delighted that Bill has submitted an important paper titled Governance arrangements for future trade negotiations to the Adelaide Economic Policy Forum. Bill’s paper is about the […]
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Brexit: another economics crisis? – Andreas Cebulla
Outside the monetarist and free-marketeer camps, few UK economists advocated Brexit (the few notable exceptions included Cardiff University’s Patrick Minford). In fact, the UK’s most prominent independent economic research centres – the National Institute of Economic and Social Research, the Institute for Fiscal Studies and the Centre for Economic Performance – went as far as […]
Brexit to complicate Australia-EU free trade talks
Two University of Adelaide experts – Director of the EU Centre for Global Affairs Jane Drake-Brockman and Jane Drake-Brockman and the Regional Director (Southeast Asia) of the Institute for International Trade’s Centre for Economic Studies Associate Professor Shandre Thangavelu – have commented on the implications of Brexit for Australia and other Asia-Pacific nations regarding free trade negotiations […]
Trade agreements in a second-best world – public lecture
On July 21, the Institute for International Trade and the School of Economics will host a public lecture at the University of Adelaide by leading trade economist Professor Iwan Azis on the topic of “Trade agreements in a second-best world”. The lecture will examine the challenges and issues that nations face in negotating trade agreements in a less-than-perfect […]
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Brexit: Its not over! – Hein Roelfsema
Hein Roelfsema, a recent visitor to the University of Adelaide and Associate Professor of International Macroeconomics at Utrecht University in The Netherlands, has a unique perspective on the implications of Brexit…
There is no doubt about the significance of the impact of the UK’s choice to exit the EU on its economy. The market’s assessment is […]
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Beef with knock-back of Kidman sale: a lost foreign direct investment opportunity – Christopher Findlay & Paul Kerin
In their article in The Weekend Australian, Christopher Findlay and Paul Kerin argue that the Federal Treasurer’s rejection of the sale of the S. Kidman & Co. cattle stations to a consortium 80% backed by private Chinese businesses has not been in Australia’s public interest. As well as forgoing the usual benefits that foreign direct […]
Free trade gains even greater when allow for employment effects – Benedikt Heid
An article co-authored by the School of Economics’ latest recruit Benedikt Heid has just been published in the leading economics journal, the Journal of International Economics. The article estimates the gains to countries from trade liberalisation when employment effects are explicitly allowed for. For example, the article estimates that the US-Australia Free Trade Agreement (FTA) […]
Australia’s beef with Chinese Investment – Christopher Findlay
The $371m bid for the Kidman cattle properties by Dakang Australia (80% Chinese owned) was knocked back in late April by the Federal Treasurer, according to the current policy to review foreign purchases of agricultural land.
Australia is a host of foreign director investment (FDI) in many sectors of the economy. Annual FDI (net) inflows recently […]
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Does trade promote economic growth?
Last Thursday night, the School of Economics’ Nic Sim gave a fascinating public lecture titled: “Does international trade lead to greater economic development? Evidence from less developed countries”. The lecture was part of the Faculty of the Professions’ Research 21 Public Lecture series. The short answer to Nic’s question is: YES. Based on empirical estimates, […]