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Beyond Globalisation
In the 19th century, Free Trade was associated with Imperialism, because it was the official trade policy of Britain. Protection was associated with Australia's fledgling nationalism, because it put the interests of Australian industry and Australian workers first. These days, Free Trade is known by a new name, Globalisation. Its opponents say Globalisation is a new form of imperialism, American economic imperialism. Amartya Sen won the Nobel Prize for Economics for his economic modelling of inequality in developing nations. He speaks about the important debate surrounding the impact of Globalisation on the world's poorer nations and on the environment. Economist Peter Brain was among the very few economists to predict the economic downturn in Asia. A proponent of strategically-targeted assistance for Australian industry, Peter Brain says Australia is ill-prepared to compete in a global marketplace. He is highly critical of the way he says monetary policy in Australia has effectively been "privatised" for the benefit of the financial sector. And he says the effect of the last three decades of government economic policy has been that Australia is fast running out of sources of growth. Speakers:
Dr Peter Brain Professor Amartya Sen
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