Ep. 141: Economic security, from the private sector

In an era where “economic security is national security”, arguably the most important perspective in how governments ought to intervene in the economy--in ways to maximise benefits and minimise costs--is that of the private sector. With that in mind, Darren welcomes Dr Huw McKay to the podcast to hear a business perspective on the economic security agenda and geoeconomics. Huw has just returned to Australia after living in Singapore for many years where he worked as Chief Economist at BHP. Prior to that he was an Executive Director at Westpac Bank and also spent time at the Commonwealth Treasury on secondment during the financial crisis. He holds a PhD in economics and economic history from ANU and his book, The Strategic Logic of China’s Economy, was published this year. The agenda for this conversation will be familiar to those thinking about economic security – how do we define it, is it simply all about China, what principles should guide industrial policy, how do we manage the weaponisation of supply chains and chokepoints, how can we counter economic coercion, and how can the rules-based order be preserved? As the Australian government builds out its “Future Made in Australia” agenda, this is exactly the type of conversation that is needed to inform the debate.

Australia in the World is written, hosted, and produced by Darren Lim, with research and editing this episode by Walter Colnaghi and theme music composed by Rory Stenning.

Relevant links

Huw McKay (LinkedIn): https://au.linkedin.com/in/huw-mckay-6ab582ab

Huw McKay, The Strategic Logic of China’s Economy (2024): https://link.springer.com/book/10.1007/978-3-031-47229-9

Hugh White, The China Choice: Why America Should Share Power (2012): https://www.blackincbooks.com.au/books/china-choice

Graeme Snooks, The dynamic society: Explaining the sources of global change (1996) (Goodreads): https://www.goodreads.com/book/show/1263694.The_Dynamic_Society

The rest is history (podcast): https://www.goalhangerpodcasts.com/the-rest-is-history

Huberman Lab (podcast): Esther Perel: How to Find, Build & Maintain Healthy Romantic Relationships: https://www.hubermanlab.com/episode/esther-perel-how-to-find-build-maintain-healthy-romantic-relationships