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In a world increasingly divided by geopolitical tensions, a new wave of protectionism is reshaping global trade. As nations turn inward, once-dominant economic models are being dismantled and new strategies are emerging. Is Australia prepared?
Trump's destruction of the architecture of international trade agreements and reversion to protectionism will expose the complexity of globalisation, but is unlikely to have the effect he is aiming at, which is to bring investment capital, and jobs, back to his country.
A review of competition laws is allowing the Government and industry groups to push for a ban on environmental boycotts. It is a strange protectionism that portrays industries as victims, defenceless against the barrage of readily available information. It appears the free flow of information cannot be so free as to disrupt capital, and the only legitimate choices within a free market are ones unimpeded by ethics or conscience.