INTERNATIONAL TRADE: Promised benefits from free trade fail to materialise*

Avid economic fundamentalist Dr Andy Stoeckel, head of the Centre for International Economics (CIE), is at it again. He proclaims that every Australian family has been made $3,000 better off every year by our embracing “free trade”.The CIE has long been a voice of those arguing that farming and manufacturing should be cut free of industry “protection” and left helpless before the full-face of international competition.It helped the Department of Foreign Affairs and Trade (DFAT) to convince gulli…

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