Australia can't afford to forget smaller businesses when negotiating trade deals
- Written by David Treisman, Lecturer in Economics, Bachelor of International Business, Monash Business School, Monash University
Politicians often cite the large market value of exports as justification for free trade agreements. But this misses a fundamental point about trade - we benefit most when we focus on exporting the goods and services we are the most efficient at producing, rather than simply increasing the absolute value of our exports.
It is a firm’s...
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