Geoeconomic contests are posing a major new challenge to Australia’s national interests.
Trade warfare, strategic investment races and competitive multilateralism have seen economics
become a domain in which great power rivalries are fought. As a medium-sized and very open
economy, Australia is especially exposed to both economic and security risks associated
, written by Research Director Dr Jeffrey Wilson
, contends that Australia needs to
reappraise its foreign economic policy settings, and adapt them to the challenges of 21st Century
geoeconomic contestation. While adaption does not demand an abandonment of liberal
economic principles, it does necessitate new strategies that are configured towards managing risks.