Implications for Australia of Protectionist Policies of Other Countries and Trading Blocs

Although Australia has transitioned since the 1970s from a highly protected economy to one which has embraced trade liberalisation, some countries maintain certain levels of trade protection. Due to the globalised nature of the Australian economy, other countries’ protection will also affect the consumers, firms and governments in Australia.

Watch the videos to learn about the implications for Australia of protectionist policies of other countries and trading blocs in HSC Economics: