| Outlines changes in Australian economic policies that have occurred in recent decades in response to growing economic globalisation. It considers microeconomic reforms in Australia and changes to its industry policy (including important changes in national competition policy) its financial reforms (exchange rate and banking reforms), its liberalisation of international trade and of foreign investment, both inward and outward. Furthermore, particular consideration is given to Australia’s policies and its lobbying in relation to The World Trade Organisation (WTO), economic regionalism, and bilateralism. These policies provide further insights into the way that Australia has responded to growing economic globalisation. |
