Australia's Engagement with Asia, 1990-2010

Abstract

Asia has emerged as an industrial powerhouse. Australia has a once-in-a-generation opportunity to position itself at the vanguard of a significant change in the global economic architecture. In this article, we examine the dynamics of Australian-Asian relations using a unique multi-indicator index of 'engagement' which incorporates components of trade, investment, education, tourism, research and business development, migration and humanitarian assistance. Our analysis suggests that engagement between Australia and Asia has grown at a much faster rate since 1990 than that between Australia and the rest of the world. © 2011 The University of Melbourne, Melbourne Institute of Applied Economic ..