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Closer Economic Relations with East Asia?
Author(s) -
Lloyd P.J.
Publication year - 2001
Publication title -
economic record
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.365
H-Index - 42
eISSN - 1475-4932
pISSN - 0013-0249
DOI - 10.1111/1475-4932.t01-1-00019
Subject(s) - east asia , regional trade , international trade , far east , threatened species , development economics , economics , international economics , geography , economy , free trade , china , ecology , archaeology , habitat , biology
This paper examines Australia’s economic links with East Asia and the policy implications of these links. The main issue is whether Australia should join the regional trading arrangements with East Asian countries that have been proposed. It examines the factors which determine the share of East Asia in Australian exports. One of these, the country bias factor, is threatened by proposed regional trading arrangements which might exclude Australia. After considering the costs of exclusion, the paper concludes that Australia should consider developing new bilateral or regional trade arrangements with countries in East Asia.