Trade Protectionism in Australia: Its growth and dismantling
Protection from import competition was a defining feature of the birth of the Australian federation in 1901. For the next 70 years, the extent of protection grew, and broadened from mainly tariffs to also involving import licencing after World War II. There was a one-off 25% across-theboard cut in tariffs in 1973 and some dismantling of agricultural subsidies, but that was followed by the re-imposition of import quotas for the most-protected manufactured goods. Then in the mid1980s, a new...[Show more]
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|Source:||Journal of Economic Surveys|
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