Global Economics Is Downstream From Global Politics

Allan Lu: We're seeing a reversal of the globilization argument made by successive australian governments, from bob hawk onwards. There's actually a highly influential and prominent vein of international relations researchand scholarship which argues that open markets are indeed a function of hedgeemonic power. So while it may be in the interest of some actors to exploit openness, bringing down the larger system would be an even worse outcome. And look, i don't think the pen would disagree. Imean, he talked about the importance of the rules based order elsewhere in that speech,. including on the sensitive topic of managing supply chain risks. It's a point that bears emphasizing. The first two sentences of his