Prospects of an Australia-New Zealand Economic Union |
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Page 24
... exchange depreciation be used to remedy any external imbalance which appeared as a result of free trade , income would be redistributed in favour of those producing for export in the country which depreciated its currency . In the case ...
... exchange depreciation be used to remedy any external imbalance which appeared as a result of free trade , income would be redistributed in favour of those producing for export in the country which depreciated its currency . In the case ...
Page 32
... exchange depreciation , and move- ments of labour and capital . Assuming that deflation and the migration of labour from New Zealand are undesirable , the alternatives remaining are exchange de- preciation and capital inflow from all ...
... exchange depreciation , and move- ments of labour and capital . Assuming that deflation and the migration of labour from New Zealand are undesirable , the alternatives remaining are exchange de- preciation and capital inflow from all ...
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Common terms and phrases
amount of trade assumptions Australia Ltd AUSTRALIA-NEW ZEALAND ECONOMIC Australia-New Zealand trade Australian Broadcasting Commission Australian dairying industry Australian exports Australian industries balance of payments balance of trade British Preferential Tariff butter and cheese commodities competition consumption effect costs of adjustment costs of free costs of production creation and trade dairy produce economic welfare effect of free estimate of trade exchange depreciation exchange rate exports of manufactured exports to Australia external imbalance favour free trade area gains and costs import controls income redistribution increase labour less Managing Director margin of preference NZ£5 millions Ottawa Agreement output prices for dairy problem Professor protective trade policy relative result of free secondary industries structure of production trade creation trade diversion trade were established tralia union partner United Kingdom University of Adelaide University of Melbourne Zealand balance Zealand British Preferential ZEALAND ECONOMIC UNION Zealand exports Zealand free trade Zealand industries Zealand manufacturing Zealand tariff