Reference no: EM133009777
Case Study in Global Trade and Foreign Exchange
Current issues affecting Australia's foreign policy.
As with most other nations, Australia has evolved its trade policies over its history. Australia's 'tyranny of distance' and reliance on maritime trade have always been a constraint upon the level of trade conducted, but its vast resources have made it a major exporter of raw materials and agricultural products. Free trade has been and will continue to be, a key driver of the country's economic success. Despite an increase in anti-globalisation sentiment over the past 5 years, Australia has continued to seek friendly trade arrangements with willing parties. This has not always been 'smooth-sailing'.
Problem 1: Provide a detailed analysis of "Tourism: Impacts of Covid-19 and a volatile Australian dollar" - trade issues facing Australia.
The analysis should include:
a. a brief historical summary of the issue
b. the current state of affairs of that issue
c. impacted industries and countries
d. some statistical information (data to support your argument)
e. a recommended course of action for the Government and other policymakers
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