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HSC Economics - Protection Notes

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Thorough and clear notes on the protection topic of the course. In depth summary of the major points.

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17 Pages Partial Study Notes > 2 Years old
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HSC Economics - Protection Notes
Topics this document covers:
Economy International business International trade Non-tariff barriers to trade Free trade Trans-Pacific Partnership Australia–United States Free Trade Agreement Tariff International economics Competitiveness Protectionism Export
This is a Partial Set of Study Notes

Partial Study Notes typically cover only single topics of a unit of study or do not cover multiple topics in significant detail. They are generally less than 20 pages in length.

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Topics this document covers:
Economy International business International trade Non-tariff barriers to trade Free trade Trans-Pacific Partnership Australia–United States Free Trade Agreement Tariff International economics Competitiveness Protectionism Export
Sample Text:
• In recent decades, the Australian economy has benefited from the gradual removal of trade barriers. An analysis of domestic and overseas trade barriers is central to our understanding of the impacts of globalisation on the Australian economy. • Historically, Australia was one of the most highly protectionist countries in the world. • Governments felt it necessary to protect Australian manufacturers who could not compete with overseas producers due to a relatively small population and low production runs in Australia. • In the early 1970s, Australia began to shift away from protectionist strategies and began to phase out almost all tariffs in the late 1980s. • Today, Australia is one of the most open e...
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