Trade and Growth

A survey of trade and growth theories and an analysis of the Australian experience. What are the recent developments in the theory of trade and growth? How have these theories evolved? What are the theoretical links between a country's trading position and its economic growth? How do these theories match Australia's trade and growth performance over the last 50 years? What then are the policies that could be implemented to enhance Australia's economic growth? These are some of the questions sought to be answered in this volume. It offers a combination of international theoretical survey, empirical evidence and policy evalaution. It should be a useful reference for practitioners and students of growth, macro and international economics. Its conclusions stress the need for a reduction in trade barriers, and a strengthening of its economic base through investment in human capital and in research development.