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Many Australians may view Malaysia as a tourist spot or source of some seriously hot curries, but there’s much more to the story. In fact, the relationship between the two nations goes back decades, says Tim Harcourt, and as the Malaysian economy accelerates, Australia will continue to play an important role in its development.
At a time of global economic uncertainty, the issue of trade and employment is becoming the focus of public debate - particularly with news of large scale redundancies in the media. If this trend continues, there is the risk of increased calls for protectionism here in Australia (as has already occurred in the USA). This is a concern because we all know what has happened in the past when the world has returned to protectionism - mass unemployment, inequality and conflict extending well beyond the trade sphere.
Chile, the “jaguar” economy of South America, holds a newly-minted Free Trade Agreement with Australia. The Airport Economist, Tim Harcourt, explains why this is good news on both sides of the South Pacific Ocean.