ECONOMIC AFFAIRS: Currency, manufacturing and trade policy*

Issues revolving around currency, manufacturing and trade are central to economic policy. They are also interconnected, and impact economically and strategically on national welfare. Governments have a responsibility to ensure that economic policy serves national ends, without concession to economic fads or narrow political objectives. Some 35 years ago in both the US and Australia, political differences could be narrowly defined, including in economic policy. Wide areas of common ground exist…

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