This article argues that there are underlying changes in the world economy due to growing integration of the national economies which are more profound than the events in particular commodity markets, and that our national economic policies should be significantly shaped by these changes....

This article examines the logic of the link between the ASEAN Free Trade Area (AFTA) and the Closer Economic Relations (CER) regional trading arrangements which was mooted by the Thai Prime Minister in 1993. AFTA and CER are the only two regional trading arrangements in the East Asia/West...

This article examines critically the present structure of regulation of the liquor industry in Victoria. This is a mixture of detailed regulation of liquor supply conditions through the licensing of outlets and of taxation and other regulation of consumption activities. It examines the...

The fringe benefits tax (FBr) has been criticised for being levied on employers. This criticism is based on a confusion between who has the liability to pay the tax and who bears the burden of the tax. We show that the burden of a fringe benefit tax is independent of who pays it. Furthermore our...

"In this paper we provide a new 31-year time series of the level of protection in the Australian manufacturing sector. The index used is an estimate of the partial equilibrium form of the Trade Restrictiveness Index recently developed by the World Bank. This is the theoretically correct welfare...