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On Australia’s foreign economic relations

Author

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  • Kümpel, Arndt

Abstract

This paper analyses the current state and trends in Australia’s foreign economic relations with respect to the economic rise of Asia. Starting from an evolutionary view of Australia’s integration into the global economy, the consequences of the rise in the terms of trade are analysed. Following on from that, an analysis of selected aggregated indicators of Australia’s foreign trade and investment is carried out. Finally, the outlook emphasizes the promising perspective as well as the challenges.

Suggested Citation

  • Kümpel, Arndt, 2011. "On Australia’s foreign economic relations," MPRA Paper 33964, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:33964
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    More about this item

    Keywords

    Dutch disease; Australian Terms of trade; regional economics; international economics; growth poles; Australian production factor endowment;
    All these keywords.

    JEL classification:

    • N57 - Economic History - - Agriculture, Natural Resources, Environment and Extractive Industries - - - Africa; Oceania
    • F14 - International Economics - - Trade - - - Empirical Studies of Trade
    • F21 - International Economics - - International Factor Movements and International Business - - - International Investment; Long-Term Capital Movements

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