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Australia’s trade negotiating strategy fundamentally flawed
The Conversation, Vol.23 October 2014
The Conversation Media Group
2014
Abstract
Ten years on from the Australia-US Free Trade Agreement, Australia is entering another round of negotiations towards the new and controversial Trans-Pacific Partnership. In this Free Trade Scorecard series, we review Australian trade policy over the years and where we stand today on the brink of a number of significant new trade deals.
Students of international relations are often introduced to the problems involved in sustaining international cooperation through Jean-Jacques Rousseau’s fable of the stag and the hare.
Rousseau’s story told of a group of hunters that went out in search of a deer. Only if they all worked together would they be successful in trapping the deer. But a single hunter acting alone could catch a hare. Distracted by an opportunity to do so, one hunter deserts the party chasing the deer – with the result that the deer escapes. The individual hunter catches a hare but because of the failure to cooperate the group misses out on the chance of trapping the deer, which would have brought greater benefits to all.
Details
- Title
- Australia’s trade negotiating strategy fundamentally flawed
- Authors/Creators
- A. Capling (Author/Creator)J. Ravenhill (Author/Creator)
- Publication Details
- The Conversation, Vol.23 October 2014
- Publisher
- The Conversation Media Group
- Identifiers
- 991005545078507891
- Copyright
- The Author
- Murdoch Affiliation
- Sir Walter Murdoch School of Public Policy and International Affairs
- Language
- English
- Resource Type
- Other
- Publisher URL
- http://theconversation.com/au
- Resource Sub-type
- Nonrefereed Article
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