Like many industrialised economies in the pre-depression era, Australia elected to maintain a highly protectionist trade policy regime and hence to retard its integration with the global economy. The rationale for Australia’s protectionism was, as elsewhere, the enhancement of worker welfare....

To examine the effects of policy intervention in the presence of imperfect competition in manufacturing, general equilibrium models are constructed of four Western Pacific economies, chosen according to their level of development and the comparative sizes of their manufacturing sectors. The...