Mofra
Moderator
- Dec 6, 2005
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On the surface of it launching a trade war between two superpowers is lunacy, but there are silver linings for Australia if we position ourselves correctly. Years of Government lobbying for closer ties to the ASEAN bloc may help us in coming years.
https://www.abc.net.au/news/2019-05...na-not-helping-washington-or-beijing/11114886
Can we actually take advantage of our unique position?
Our ownership of rare earth minerals means that globally we are of strategic economic importance and many of our natural resources will be extremely important in the post-carbon global economy.
https://www.abc.net.au/news/2019-05...na-not-helping-washington-or-beijing/11114886
The ongoing dispute has rocked markets
and sparked fears the global economy could be derailed.
But despite all the losers, there are some winners.
Parag Khanna, a leading global strategy adviser whose TED Talks have been watched by millions of people, has been following the trade war closely.
"South-East Asia wins the trade war between the US and China because so much more outsourcing and diversion of investment is now going to ASEAN that is not going into China."
Mr Khanna has a PhD from the London School of Economics and has just published his sixth book, titled The Future Is Asian. He said the trade war was bringing Asian countries closer together.
Can we actually take advantage of our unique position?
Our ownership of rare earth minerals means that globally we are of strategic economic importance and many of our natural resources will be extremely important in the post-carbon global economy.