三
Free Trade and
Protection
, Significance ofTrade for the Australian
Economy
三
·
Ans dependent on other countries for trade funds for investment
·
Ans exporter minerals agriculture
-
·
Ans importer manufactured financial capital
-
Aus small (population +GDP) before
=
now medium, open (unrestricted
goods to services capital movements
·
Aus 26 million
population =
·
Aus GDP $2 trillion
=
·trade nation consumption through imports
4 production profit due to low production cost
exporting
· =
↳
reaches billion people
·
importingconsume not locally produced or expensive to produce goods
·trade I specialisation, I scale of economy, I
productivity, I real incomes
trade
engine ofgrowth in EastAsia
·
·
Aus trade1990 GDP:15% - 2020:24%. = income from exports
x
jobs trade linked
Aus=14%
global exports US China:11%
·
·exporting promotes & economy &living standards
Free Trade and
Protection
, Significance ofTrade for the Australian
Economy
三
·
Ans dependent on other countries for trade funds for investment
·
Ans exporter minerals agriculture
-
·
Ans importer manufactured financial capital
-
Aus small (population +GDP) before
=
now medium, open (unrestricted
goods to services capital movements
·
Aus 26 million
population =
·
Aus GDP $2 trillion
=
·trade nation consumption through imports
4 production profit due to low production cost
exporting
· =
↳
reaches billion people
·
importingconsume not locally produced or expensive to produce goods
·trade I specialisation, I scale of economy, I
productivity, I real incomes
trade
engine ofgrowth in EastAsia
·
·
Aus trade1990 GDP:15% - 2020:24%. = income from exports
x
jobs trade linked
Aus=14%
global exports US China:11%
·
·exporting promotes & economy &living standards
