You may answer any one or all of the following TOPIC 2 discussion questions:
1. Can you think of any recent new/media stories that illustrate a mercantilist viewpoint still flourishes in Australia/your home country? If you can find any articles you may wish to share them by posting a link on the forum.
Note: this activity links to the first topic objective.
2. What factor endowments does Australia have? What about our neighbouring Asian nations including China, India, Singapore, Vietnam and Indonesia? Consider each on its own merits. Do these factor endowments reflect our trade patterns? Share your observations on the forum.
3. Can you think of any infant industries in Australia (or your home country) that might become strategically and/or financially important in future years that would benefit from government protection now? Discuss your arguments on the forum.
What does Australia trade and who does it trade with?
Have a look at our latest trade information available on the DFAT website: www.dfat.gov.au/trade. OR if you are an international student you might want to have a look at your own government statistics on trade. Are there any surprises? Does viewing this information help explain the nature and driving forces of globalisation? Share your observations on the forum.
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