A long-term assessment of Asia's share of global GDP suggests that Asia has now almost reclaimed the role in the global economy it occupied in 1820. By focusing on the experience of key economies in Asia, this paper assesses why the continent's role weakened between 1820 and 1950 and...

The early 21st century saw Australia experience its largest and longest terms of trade boom. This paper places this recent boom in a long-run historical context by comparing the current episode with earlier cycles. While similarities exist across most episodes, current macroeconomic policy...

Commodities have been central to structural change in the Australian economy with the 2000s expansion of mining seen as raising the spectre of the Dutch disease. If the assumption in the standard Heckscher-Olin trade model that labour and capital are not mobile between countries is relaxed, it...