In the course of the discussion of the tariff preferences granted by various developed nations to less developed countries (LDCs) it should be noted that it was Australla which first set up a comprising preference scheme. The author of this article outlines the scheme and appraises the...

Economic relations between Australia and New Zealand comprise trade in goods, services, labour and capital. Table 1 lists the dependence of Australia on New Zealand markets, and the dependence of New Zealand on Australian markets, in the simple sense of the magnitude of imports and exports of...

"For decades the world's agricultural markets have been highly distorted by national government policies, but very differently for different commodities. Hence a weighted average across countries of nominal rates of assistance or consumer tax equivalents for a product can be misleading as an...

"Despite recent reforms, world agricultural markets remain highly distorted by government policies. Traditional indicators of those price distortions can be poor guides to the policies' economic effects. Recent theoretical literature provides indicators of trade and welfare-reducing effects of...