Measuring recent trends in Australia’s economic remoteness
Australia is (with New Zealand) one of the two most remote advanced economies in the world in terms of average distance from world economic activity. The rapid economic growth of countries in the Asian region in recent decades has resulted in only a modest reduction in Australia’s level of remoteness. This remoteness has direct effects on Australia’s trade performance. Overcoming the natural barrier to trade created by Australia’s location may require greater efforts than those of most other countries to promote trade and the economic benefits that come from international engagement.
Volume (Year): (2005)
Issue (Month): 1 (March)
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