Economic Power and Vulnerability in Sino-Australian Relations

Linda Jaivin, Jane Golley, and Sharon Strange (eds), China Story Yearbook: Crisis, (ANU Press, Canberra, 2021), DOI: http://doi.org/10.22459/CSY.2021.09

11 Pages Posted: 23 Dec 2020 Last revised: 10 May 2021

See all articles by Victor Ferguson

Victor Ferguson

Australian National University (ANU), College of Arts and Social Sciences Australian National University (ANU), College of Arts and Social Sciences

Darren J. Lim

School of Politics and International Relations, ANU

Date Written: October 24, 2020

Abstract

We sift through the evidence of China’s apparent economic coercion of Australia in 2020 in order to glean insights into China’s use of geoeconomics and the broader lessons that it reveals about the relationship between power and economic interdependence. After an overview of how coercive vulnerability could arise in Sino-Australian trade, we turn to each of the main affected industries—barley, beef, tourism and education, and wine —and outline four things: the mechanism of disruption, the evidence for considering it coercive, its apparent impact, and the logic of targeting the industry. We conclude with a discussion of the lessons arising from Australia’s experience before making recommendations for government and industry.

Keywords: geoeconomics; economic coercion; Australia; China

Suggested Citation

Ferguson, Victor and Lim, Darren, Economic Power and Vulnerability in Sino-Australian Relations (October 24, 2020). Linda Jaivin, Jane Golley, and Sharon Strange (eds), China Story Yearbook: Crisis, (ANU Press, Canberra, 2021), DOI: http://doi.org/10.22459/CSY.2021.09 , Available at SSRN: https://ssrn.com/abstract=3718347

Victor Ferguson

Australian National University (ANU), College of Arts and Social Sciences Australian National University (ANU), College of Arts and Social Sciences ( email )

Canberra, Australian Capital Territory 0200
Australia

Darren Lim (Contact Author)

School of Politics and International Relations, ANU ( email )

Canberra, Australian Capital Territory 2601
Australia
+61261253584 (Phone)

HOME PAGE: http://https://researchers.anu.edu.au/researchers/lim-dj

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