Former Envoy Says Australia Adaptable, Wants Open Markets

The transcript discusses the dynamics of outbound foreign direct investment (FDI) into Australia, highlighting the impact of capital controls from China and a shift in investment focus from resources to services. It examines Australia's vulnerability due to its trade dependency amidst rising global protectionism, emphasizing the country's adaptability. The discussion also covers the Trans-Pacific Partnership (TPP), debating its viability without US participation and its implications for global trade.

What has been a significant change in Chinese investment in Australia?

• Increased investment in the resources sector

• Expansion in the manufacturing industry

• Focus on agricultural projects

• Shift towards the services sector

How has Australia historically responded to global financial crises?

• By quickly adapting and avoiding recession

• By increasing tariffs

• By reducing exports

• By closing its markets

What is a potential risk for Australia in a protectionist global environment?

• Increased foreign investment

• Harm to its open trading economy

• Growth in the manufacturing sector

• Decrease in tourism

What was a key factor in the attractiveness of the TPP?

• Inclusion of China

• Involvement of the US

• Focus on agricultural trade

• Exclusion of Japan

What challenge does Japan face with the TPP after the US withdrawal?

• Increased political support

• Reduced economic value

• Simplified regulatory standards

• More trade opportunities