Australia and the European Union: A study of a changing trade and business relationship. The project deepens understanding of the evolution of Australia-EU bilateral relations, and the EU's significant contribution to the Australian economy. It informs public debate and official dialogues in Australia and Europe about the ways in which the relationship may be fostered in future. Project findings contribute an understanding of the common ground and mutual support of Australia and the EU in intern ....Australia and the European Union: A study of a changing trade and business relationship. The project deepens understanding of the evolution of Australia-EU bilateral relations, and the EU's significant contribution to the Australian economy. It informs public debate and official dialogues in Australia and Europe about the ways in which the relationship may be fostered in future. Project findings contribute an understanding of the common ground and mutual support of Australia and the EU in international organisations such as WTO, and the further development of Australian and EU policies that will benefit bilateral trade and investment in both Australia and the EU. The research results will inform Australian government agencies in identifying policy options for further constructive relationships between Australia and the EU.Read moreRead less
The Global Governance of Tax and Financial Services: Who Regulates, Who Wins, Who Loses. This project analyses the role of power in the global economy, specifically, whether powerful states can establish global rules concerning tax and financial services by coercion. Large states working through international organisations have floated global tax and financial standards that would regulate international competition for mobile investment but also impose disproportionate costs on small states. If ....The Global Governance of Tax and Financial Services: Who Regulates, Who Wins, Who Loses. This project analyses the role of power in the global economy, specifically, whether powerful states can establish global rules concerning tax and financial services by coercion. Large states working through international organisations have floated global tax and financial standards that would regulate international competition for mobile investment but also impose disproportionate costs on small states. If coercion is cheap and easy to use in solving economic disputes large states will be able to impose these standards on small states. If not, large states will instead have to compromise or offer compensation to establish effective regulations.Read moreRead less
The World Trade Organization and Human Rights. The expansion of a liberalised trade regime has special importance for a trade-dependent small economy such as that of Australia. Yet this process within the WTO, particularly after the Cancun Ministerial meeting, has stalled. This inertia has in part been caused by tensions arising from the WTO/human rights debate. There is therefore an urgent need for cutting edge, thorough, balanced research on that topic. Furthermore, the investigation of th ....The World Trade Organization and Human Rights. The expansion of a liberalised trade regime has special importance for a trade-dependent small economy such as that of Australia. Yet this process within the WTO, particularly after the Cancun Ministerial meeting, has stalled. This inertia has in part been caused by tensions arising from the WTO/human rights debate. There is therefore an urgent need for cutting edge, thorough, balanced research on that topic. Furthermore, the investigation of the attitudes of Australia's neighbours to the human rights/trade debate will aid friendly relations and contribute to the promotion of global security, which is enhanced by the promotion of a just global economic system. Australia also benefits by being a world leader in this crucial debate. 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
Developing a systematic, inclusive and just jurisprudential account of TRIPS. The WTO Agreement on Trade-Related Aspects of Intellectual Property Rights (TRIPS) provides for the international regulation of the knowledge economy. Yet much of its text is legally uncertain, undermining its utility. This project will provide the first comprehensive scholarly jurisprudential account of TRIPS. This will enable greater certainty and efficiency in the enactment and implementation of compliant domesti ....Developing a systematic, inclusive and just jurisprudential account of TRIPS. The WTO Agreement on Trade-Related Aspects of Intellectual Property Rights (TRIPS) provides for the international regulation of the knowledge economy. Yet much of its text is legally uncertain, undermining its utility. This project will provide the first comprehensive scholarly jurisprudential account of TRIPS. This will enable greater certainty and efficiency in the enactment and implementation of compliant domestic legislation. The project will also provide the first socio-legal account of the WTO Dispute Resolution Body and the interpretive methodologies it employs for interpreting TRIPS. The project will also provide a jurisprudential account that promotes formally and substantively just dispute resolution outcomes.Read moreRead less
Political economy of distortions to global agricultural markets. Farmers, agribusiness and governments in Australia and other food-exporting nations have put enormous efforts into seeking reductions in agricultural protectionism, particularly in the past two decades via the Cairns Group in GATT/WTO negotiations but also in bilateral and regional integration initiatives. Yet levels of protection have fallen little for agriculture relative to manufacturing in high-income countries, and in some new ....Political economy of distortions to global agricultural markets. Farmers, agribusiness and governments in Australia and other food-exporting nations have put enormous efforts into seeking reductions in agricultural protectionism, particularly in the past two decades via the Cairns Group in GATT/WTO negotiations but also in bilateral and regional integration initiatives. Yet levels of protection have fallen little for agriculture relative to manufacturing in high-income countries, and in some newly industrializing countries that indicator has been rising. Improving our understanding as to why that is the case will ensure Australia gets a better return from its investment in that area of commercial diplomacy.Read moreRead less
China's Exports and Growth and Major East Asia Summit Economies - Exploring Regional Impact and Policy Responses. The project benefits Australia's current long-term economic priorities and engagement with Asia in five ways. It provides: (1) collaborative research with East Asia Summit (EAS) networked experts on topics of mutual interest, (2) a new perspective on the effects of China on EAS4 trade and growth, (3) substantive improved findings on EAS4 economic and trade policy options, (4) signifi ....China's Exports and Growth and Major East Asia Summit Economies - Exploring Regional Impact and Policy Responses. The project benefits Australia's current long-term economic priorities and engagement with Asia in five ways. It provides: (1) collaborative research with East Asia Summit (EAS) networked experts on topics of mutual interest, (2) a new perspective on the effects of China on EAS4 trade and growth, (3) substantive improved findings on EAS4 economic and trade policy options, (4) significant inputs to analysis, debates and negotiations in the recently proposed EAS free trade agreement (FTA), and (5) useful applications to Australia's similar bilateral FTAs under negotiation (e.g., Australia-Korea and Japan FTAs).Read moreRead less
Globalization, WTO and sustainable development: new challenges, opportunities and implications for Australia. Australia is benefiting greatly from opening its economy and encouraging the same in its trading partners, particularly through the World Trade Organization (WTO). A major new challenge is to ensure that the WTO continues to enhance economic welfare by responding to recent criticisms levelled at it by anti-globalization groups. This project will analyse those groups' claims about the eff ....Globalization, WTO and sustainable development: new challenges, opportunities and implications for Australia. Australia is benefiting greatly from opening its economy and encouraging the same in its trading partners, particularly through the World Trade Organization (WTO). A major new challenge is to ensure that the WTO continues to enhance economic welfare by responding to recent criticisms levelled at it by anti-globalization groups. This project will analyse those groups' claims about the effects of trade and investment policy reforms, and of WTO rules and other contributors to globalization, by going beyond the traditional economic effects to examine effects on income distribution, poverty alleviation, the environment, labour, and food safety and security.Read moreRead less
An Economic Analysis of Migration Patterns in a Regionally Integrated World. Australia, among other countries, is pursuing a discriminatory free trade (i.e. RTA) agenda. The slow progress of WTO multilateral talks will exacerbate this trend. At the same time, the level of migration to developed countries, like Australia, has been growing. What are the implications of RTAs for immigration policy in Australia? How will RTAs, whether they include or exclude Australia, influence migration flows to a ....An Economic Analysis of Migration Patterns in a Regionally Integrated World. Australia, among other countries, is pursuing a discriminatory free trade (i.e. RTA) agenda. The slow progress of WTO multilateral talks will exacerbate this trend. At the same time, the level of migration to developed countries, like Australia, has been growing. What are the implications of RTAs for immigration policy in Australia? How will RTAs, whether they include or exclude Australia, influence migration flows to and from this country? Among other things, this project helps clarify the relationship between Australia's discriminatory trade liberalisation strategy and migration patterns. The underlying theme of this research is that trade policy should be designed so that it is consistent with the aims of migration policy.Read moreRead less
International Trade Policy Evaluation, Economic Growth and Demographics. The research will strengthen our understanding of Australia's place in the region and the world. Given Australia's dependence upon international trade, the importance of economic growth and demographic change, the relevance of inter-generation welfare and the challenges arising from globalization and the international trade policy environment, knowledge of the power and implications of international trade policies is crucia ....International Trade Policy Evaluation, Economic Growth and Demographics. The research will strengthen our understanding of Australia's place in the region and the world. Given Australia's dependence upon international trade, the importance of economic growth and demographic change, the relevance of inter-generation welfare and the challenges arising from globalization and the international trade policy environment, knowledge of the power and implications of international trade policies is crucial. This research will provide an analytical framework that will better inform policy makers and analysts and contribute to better understanding of Australia's options and role in the international trade policy arena. The result will be better trade policy choices.Read moreRead less