Trade and investment in the face of declining international cooperation. This project aims to investigate the impact and policy implications of trade and investment policies in a world trade system facing increasing uncertainty. The project intends to gain an improved understanding of investment regulations like Investor State Dispute Settlement (ISDS) agreements and their impact on trade and foreign direct investment. Expected outcomes include new theories for the breakdown of international agr ....Trade and investment in the face of declining international cooperation. This project aims to investigate the impact and policy implications of trade and investment policies in a world trade system facing increasing uncertainty. The project intends to gain an improved understanding of investment regulations like Investor State Dispute Settlement (ISDS) agreements and their impact on trade and foreign direct investment. Expected outcomes include new theories for the breakdown of international agreements and their effects on third world countries as well as empirical methods that allow for a quantification of the welfare and employment effects of investment policies like ISDS. This project should provide benefits by informing government policy makers to improve Australia’s trade and investment policies.Read moreRead less
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.
International Trade, Climate Change and Economic Policy. The research project addresses the role of, and interactions between, environmental and international trade policies within the context of a global economy with increasingly open economies whose production and consumption activities generate emissions of greenhouse gases that accumulate in the atmosphere and have potentially adverse effects on the world’s climate, which then impacts the environment, production and households. The objective ....International Trade, Climate Change and Economic Policy. The research project addresses the role of, and interactions between, environmental and international trade policies within the context of a global economy with increasingly open economies whose production and consumption activities generate emissions of greenhouse gases that accumulate in the atmosphere and have potentially adverse effects on the world’s climate, which then impacts the environment, production and households. The objective is to develop better understanding of the nexus between the international economy, climate change through the environment, and international trade and environmental policies. It will achieve this objective by analyses of multi-country models of international trade, climate change and policy design.Read moreRead less
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
Federalism and International Risk Management. The introduction of new quarantine disciplines with the World Trade Organisation agreements has given rise to tensions within the Australian Federation over the relationship between state and national quarantine measures. This project will review critically these developments in order to better understand and improve the process of risk assessment which is increasingly important after the Salmon case. The project will train a graduate student in ri ....Federalism and International Risk Management. The introduction of new quarantine disciplines with the World Trade Organisation agreements has given rise to tensions within the Australian Federation over the relationship between state and national quarantine measures. This project will review critically these developments in order to better understand and improve the process of risk assessment which is increasingly important after the Salmon case. The project will train a graduate student in risk assessment policy, produce several scholarly outputs and contribute to improved policy in an area of vital national importance.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