IDEAS home Printed from https://ideas.repec.org/p/een/appswp/201613.html
   My bibliography  Save this paper

Australia in the Asian Century

Author

Listed:
  • Ken Henry

Abstract

The White Paper on Australia in the Asian Century, published in 2012, argued that fundamental policy and attitudinal changes would be required if Australia were to make the most of the opportunities presented by the Asian century. The White Paper presented a challenge to the core narrative that had galvanised support for two decades of economic reforms in Australia, commencing in the early 1980s. The challenge was intended to re-energise a reform effort that had run out of steam. But Australian policy makers have ignored the White Paper. The core economic policy narrative that motivated Australian economic reforms of the 1980s and 1990s might be labelled Australian mercantilism. The narrative's focus on something called ‘international competitiveness’, and especially its narrow interpretation in the form of the real exchange rate, was bound to generate a policy conundrum when, in the first decade of this century, Australia's terms of trade started to accelerate. Australia's success in the Asian century calls for further investments in national capability: the development of collaborative business relationships with Asian partners; a strong contribution to sustainable security in the region; and deep and enduring people-to-people links across a broad sweep of human activity – commercial, social, cultural and political.

Suggested Citation

  • Ken Henry, 2016. "Australia in the Asian Century," Asia and the Pacific Policy Studies 201613, Crawford School of Public Policy, The Australian National University.
  • Handle: RePEc:een:appswp:201613
    as

    Download full text from publisher

    File URL: http://onlinelibrary.wiley.com/doi/10.1002/app5.129/epdf
    Download Restriction: no

    More about this item

    NEP fields

    This paper has been announced in the following NEP Reports:

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:een:appswp:201613. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Sung Lee). General contact details of provider: http://edirc.repec.org/data/asanuau.html .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.