Protracted border closures are a new form of ‘protectionism’
Economic Policies, Publications, The Australian Economy | 30th May 2021
Op-ed article published in The Australian Financial Review of 31st May (and available online online here) making the case that although the continued closure of Australia’s international borders is providing unheralded benefits to Australia’s economy (boosting spending and accelerating the decline in unemployment), much like the old forms of ‘protectionism’ in which we indulged for 90 years, forcing Australians to spend on domestically-produced goods money that they would have preferred to spend on imports, if continued for too long it will erode our standards of living.
2021-05-30 Border closures - Australia's new protectionism