International Trade, Income Distribution and Welfare. In an era of growing international integration, the measurement of aggregate gains from globalization and their distribution is a major policy concern. While it is natural to think of policy makers as designing policy in response to the distribution of income, the fact that firms may also want to exploit the same information has received less attention. This omission is important since firms routinely utilise such information when designing p ....International Trade, Income Distribution and Welfare. In an era of growing international integration, the measurement of aggregate gains from globalization and their distribution is a major policy concern. While it is natural to think of policy makers as designing policy in response to the distribution of income, the fact that firms may also want to exploit the same information has received less attention. This omission is important since firms routinely utilise such information when designing products and setting prices, resulting in very different welfare outcomes across income groups. This project develops a framework that incorporates this aspect of firm behaviour to re-evaluate the implications of globalization, especially how it affects the distribution of gains and losses. Read moreRead less
Revisiting Australia’s preferential trade agreements and bilateral investment treaties to safeguard regulatory autonomy. This project critically evaluates Australia’s free trade agreements and bilateral investment treaties in the light of recent national and international experience. Its recommendations for systematically revising existing agreements and refining approaches to negotiating new agreements will assist in protecting Australian policy space.
A Neo-Heckscher-Ohlin Model of Trade with Endogenous Production Patterns. The ongoing debate regarding the expected benefits of the recent trade agreement with the United States exemplifies that few aspects of international trade are well understood. Using inframarginal analysis, an approach developed by co-investigator 1, we expect to be able to advance our understanding in this field by producing what is arguably the most generalised model of trade. This will constitute an important accomplish ....A Neo-Heckscher-Ohlin Model of Trade with Endogenous Production Patterns. The ongoing debate regarding the expected benefits of the recent trade agreement with the United States exemplifies that few aspects of international trade are well understood. Using inframarginal analysis, an approach developed by co-investigator 1, we expect to be able to advance our understanding in this field by producing what is arguably the most generalised model of trade. This will constitute an important accomplishment that is likely to attract both international academic interest and international research funds to Australian research. In addition, as our model will be calibrated on the basis of our domestic production characteristics, our work will shed light on the socially optimum trade policy directions for Australia.Read moreRead less
The World Trade Organisation and the future of the multilateral trade system. Using a qualitative methodology to investigate the views of trade policy communities in the major players in the World Trade Organisation (WTO), this project investigates how the WTO can be adapted and strengthened to meet 21st century trade policy challenges. A major outcome will be a deeper understanding of what ails the WTO and how it can be reformed.
Australia and Brazil in the Asian Century. This project aims to update a theory of trust that accounts for the growing international influence of the Chinese state. As the mining boom subsides, Australia and Brazil must expand their agriculture exports, especially to China, their leading trade partner. The Chinese government has proposed large-scale investments in both countries’ agriculture sectors, but allegations of tax evasion, hidden subsidies and neo-colonialism have fuelled distrust of Ch ....Australia and Brazil in the Asian Century. This project aims to update a theory of trust that accounts for the growing international influence of the Chinese state. As the mining boom subsides, Australia and Brazil must expand their agriculture exports, especially to China, their leading trade partner. The Chinese government has proposed large-scale investments in both countries’ agriculture sectors, but allegations of tax evasion, hidden subsidies and neo-colonialism have fuelled distrust of Chinese investors. This project hypothesises that these tensions stem from diverging approaches to building trust. This could inform academic and policy publications and lead to more informed and productive relations with Chinese partners.Read moreRead less
Cultural knowledge in China’s Belt and Road Initiative. This project aims to clarify how the international expansion of China’s Belt and Road Initiative (BRI) is shaped by cultural factors alongside economic and political diplomacy. New knowledge about the interaction of local priorities with global networks is drawn from ethnographic data gathered in China and its food suppliers Argentina, Brazil and Australia. It hypothesises that such interactions are mediated by individuals and institutions ....Cultural knowledge in China’s Belt and Road Initiative. This project aims to clarify how the international expansion of China’s Belt and Road Initiative (BRI) is shaped by cultural factors alongside economic and political diplomacy. New knowledge about the interaction of local priorities with global networks is drawn from ethnographic data gathered in China and its food suppliers Argentina, Brazil and Australia. It hypothesises that such interactions are mediated by individuals and institutions who research and communicate local ecological and territorial knowledge. Expected outcomes include academic publications, policy papers, and media pieces. Benefits include filling a gap in network theory, an updated approach to research ethics, and improved national capacity to manage BRI’s impact.Read moreRead less
The Politicisation of Free Trade Agreements in the US, EU and Australia. This project aims to investigate why free trade agreements are increasingly politicised in liberal democracies. Politicisation has generated widespread public backlash against free trade but has also varied across agreements and countries. The project uses a novel comparative framework to explain the economic and political factors determining free trade agreement politicisation in the US, EU and Australia, actors with the m ....The Politicisation of Free Trade Agreements in the US, EU and Australia. This project aims to investigate why free trade agreements are increasingly politicised in liberal democracies. Politicisation has generated widespread public backlash against free trade but has also varied across agreements and countries. The project uses a novel comparative framework to explain the economic and political factors determining free trade agreement politicisation in the US, EU and Australia, actors with the most trade deals. Expected outcomes include new understandings of public backlash against free trade and globalisation. Expected benefits include recommendations on including civil society in trade policy-making and allaying populist protectionism, without jeopardising economic openness and the rules-based liberal order.Read moreRead less
The New Politics of Trade: Complexity, Innovation and Policy Development in the Asia Pacific Region. In Australia and the Asia Pacific region the negotiation of bilateral, regional and multilateral trade agreements has become a central element of the foreign economic policies of many countries. The outcomes of the project will have particular relevance for Australia: understanding how our trade partners determine their trade agendas, and being able to identify potential allies and obstacles to ....The New Politics of Trade: Complexity, Innovation and Policy Development in the Asia Pacific Region. In Australia and the Asia Pacific region the negotiation of bilateral, regional and multilateral trade agreements has become a central element of the foreign economic policies of many countries. The outcomes of the project will have particular relevance for Australia: understanding how our trade partners determine their trade agendas, and being able to identify potential allies and obstacles to the securing of bilateral trade agreements, is crucial for the successful negotiation and conclusion of trade agreements. This project will contribute to our understanding of how the processes of globalization are reconfiguring interactions between government, business and civil society both within and across national boundaries. Read moreRead less
Balancing National Security and Economic Interests in Foreign Investment. The project aims to investigate growing divergence between countries’ inward foreign investment policies and their increasing links to national security. Novel interdisciplinary collaboration integrating political science, economics and law promises insights into these policy shifts, which appear driven by digitalisation of the economy and the rise of emerging markets (eg China) and State-linked investment. Expected outcom ....Balancing National Security and Economic Interests in Foreign Investment. The project aims to investigate growing divergence between countries’ inward foreign investment policies and their increasing links to national security. Novel interdisciplinary collaboration integrating political science, economics and law promises insights into these policy shifts, which appear driven by digitalisation of the economy and the rise of emerging markets (eg China) and State-linked investment. Expected outcomes include clarification of the causes and implications of these shifts and innovative understanding of the connection between national security and economic interests in investment. This new knowledge should enhance balance in investment policy and decision-making, with economic and foreign policy benefits for Australia.Read moreRead less
The fundamental importance of foreign direct investment to Australia in the 21st century: Reforming treaty and dispute resolution practice. This project will evaluate the economic and legal risks associated with the Australian Government’s current policy on investor-state dispute settlement through multidisciplinary research, namely econometric modeling, empirical research through stakeholder surveys and interviews, as well as critical analysis of case law, treaties and regulatory approaches. Th ....The fundamental importance of foreign direct investment to Australia in the 21st century: Reforming treaty and dispute resolution practice. This project will evaluate the economic and legal risks associated with the Australian Government’s current policy on investor-state dispute settlement through multidisciplinary research, namely econometric modeling, empirical research through stakeholder surveys and interviews, as well as critical analysis of case law, treaties and regulatory approaches. The aim of this project is to identify optimal methods of investor-state dispute prevention, avoidance and resolution that efficiently cater to inbound and outbound investors as well as Australia as a whole. The goal is to promote a positive climate for investment inflows and outflows, while maintaining Australia's ability to take sovereign decisions on matters of public policy.Read moreRead less