Trade with China: Is a dominant trading partner damaging for economic development?

Authors

Simon Ville, University of WollongongFollow

RIS ID

107468

Publication Details

Ville, S. (2016). Trade with China: Is a dominant trading partner damaging for economic development?. Arena Magazine, (140), 5-6.

Link to publisher version (URL)

Arena Printing and Publications Pty Ltd

Abstract

Daily, Australian governments and investors scrutinise the latest business data to emerge from China. Shares on the Shanghai stock exchange bounce around wildly and economic growth in China threatens to 'tumble' to 6 per cent! Australia has always had a close eye to what is happening overseas. As economic historian Ian McLean has observed, as a small developing nation Australia always relied heavily on international transactions to drive growth. With the exception of the 1890s depression, there has been a close synchronicity of Australia's trade, investment and labour supply with international trends.