About John WestJohn West was a Senior Consultant for Capacity Building and Training at ADBI from February 2009 to September 2011, before he held positions at the Organisation for Economic Cooperation and Development, and the Australian Treasury. He is now Editor-in-Chief of the website www.mrglobalization.com .
By John West. Posted March 23, 2012
East Asia’s substantially market-led economic integration is a very complex process and is leading to some surprising effects. One example is that of Australia’s booming trade and investment with the People’s Republic of China (PRC), which is pushing up the value of the Australian dollar, and consequently enticing Australian companies to outsource business processing services to the Philippines. Over the past decade, Australia has enjoyed one of the best economic performances of any OECD country. While many structural reforms over the past few decades and sound macroeconomic management have underpinned this, Australia’s closer relationship with the PRC has also played a major role.
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