Closed Australia: the high price of sovereignty

By Adam Triggs
Updated July 1 2021 - 5:43pm, first published May 4 2020 - 4:00am
Exports contribute almost $400 billion to the Australian economy each year, or around 21 per cent of our GDP. Picture: Shutterstock

"How would you like to pay for that?" is the question we get asked at checkouts. It is a question that many of our politicians and commentators would struggle to answer when they call for Australia to become more economically independent. Those calling for Australia to cut trade, investment and immigration links after COVID-19 are arguing that Australia can have its cake and eat it too. They are wrong. Increased economic independence would mean significantly reduced living standards for Australians. Those advocating such policies should be honest about the cost.



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