Business
Australia must pursue further trade liberalisation after recession, report says – The Guardian
Productivity Commission highlights importance of open economy for national prosperity
Australia needs to avoid adopting fortress Australia policies and continue to pursue trade liberalisation and competitive markets as the bedrocks of economic recovery from the current downturn, according to the Productivity Commission.
But while asserting the importance of openness for Australias prosperity, the commission has also signalled that maintaining productivity improvements in a services economy like Australia will be a complex exercise, requiring new policy approaches and new economic…
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