Artigo Revisado por pares

Did the NARA Treaty make a difference?

2006; Taylor & Francis; Volume: 60; Issue: 4 Linguagem: Inglês

10.1080/10357710601006994

ISSN

1465-332X

Autores

Peter Drysdale,

Tópico(s)

Global Financial Crisis and Policies

Resumo

The Basic Treaty of Friendship and Cooperation between Australia and Japan (the NARA Treaty) was the first treaty of friendship and amity signed between Australia and any other country. Importantly it extended most-favoured-nation status or non-discriminatory treatment beyond trade to all commercial dealings between Australia and Japan, including investment and migration and stay. It was a framework agreement that established a comprehensive basis of equality and fairness in economic and political relations. Yet it is frequently seen as not having had any substantial economic impact on the relationship. This article argues otherwise. It demonstrates that the NARA Treaty had a large and measurable effect on the intensity of investment flows and suggests that it had similar effects on the movement of people between the two economies.1 1. I would like to thank Jenny Corbett, Bill Tow, David Walton, Max Suich, Geoff Miller, Moreen Dee and other participants for their helpful comments on the presentation of an outline of this paper to the Workshop on the 30th Anniversary of the NARA Treaty organised through the Australia–Japan Research Centre at the Australian National University, and the Australian Institute of International Affairs. I am very grateful to Bill Bannear for research assistance in calculating the measures of trade and investment intensity used in the argument of this paper. I am especially grateful to Shiro Armstrong for his assistance in that work and his final polish to the argument of the paper.

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