Gone Global

This blog charts the global waters, examining opportunities for importers and exporters and born-globals. Lead writer Tim Harcourt is the chief economist of the Australian Trade Commission (Austrade). He was previously an economist/industrial advocate with the Australian Industrial Relations Commission, the Reserve Bank of Australia and the ACTU.

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End of the tyranny of distance?

Author: Tim Harcourt on
For me, it all started with yabbies. When I first joined the Australian Trade Commission (Austrade) I met a remarkable woman called Mary Nenke, from the wheat belt town of Western Australia.

My big fat Greek debt

Author: Tim Harcourt on
In early 2010, markets have been spooked by the Greek debt crisis. This is affecting central bankers and policy makers, who have just got over the stress of the global financial crisis and the impact on the world's global financial institutions.

Why exporting matters

Author: Tim Harcourt on

This article first appeared May 19, 2009.

Why does South Australia need to export? For the same reasons as it is important for Australia to export. There are both macroeconomic reasons and microeconomic reasons.


Is the world going nuts for Brazil?

Author: Tim Harcourt on
Is it now officially the 'age' of Brazil, with the charismatic and populous South American nation picking up the rights to host both the FIFA World Cup in 2014 and of course the Olympic Games in Rio de Janeiro in 2016? Is Brazil, after many false starts, looking like it will fulfill its promise of being one of the world's great economic powerhouses?

This year - the year of the global financial crisis (GFC) - was meant to be the year of trade Armageddon. This was the year that the bottom would drop out of the export market and everyone would stay at home and never venture beyond our shores.

Sino-the-times

Author: Tim Harcourt on
The airport economist first visited China as a trade union official some years ago. The Australia trade union delegation, of which I was a member, was taken to a factory. While on the tour, I asked our hosts: "Do you have workers' compensation in China?" After much deliberation, the translator replied: "No. If the workers break anything, they don't have to compensate us... straight away."

The leader of the pack – China regains top trading spot

Author: Tim Harcourt on
It's official: we are ‘hugging the panda' again. China is again our number one trading partner in the new rankings released by the Australian Bureau of Statistics (ABS).

Horses for courses – a trader’s form guide to The Cup

Author: Tim Harcourt on
When you are punting on this year's Melbourne Cup, have a bit of sympathy for Australia's 44,000 exporters who have had to make their big bets on international markets. Like a good punter, Australian exporters have to look at the horse, the jockey, the state of the track and of course, the odds. And it is not just a flutter for them but a major business decision that will affect their livelihood as well as the wellbeing of those who are dependent on their business.

Seoul mates: Korea, Australia and ‘The Great Recovery’

Author: Tim Harcourt on
Seoul has played an important role in Australia's economic and diplomatic history. In fact it was in Seoul 20 years ago, in 1989, that the then Australian Prime Minister, Bob Hawke launched the APEC concept following key spadework by Australia and the Republic of Korea to build the foundations of an Asia Pacific community.

Down Under to Down Wonder for Australian exporters

Author: Tim Harcourt on

The Australian dollar is now in the 90 cent territory and there are fears this could affect out strong showing in ‘the great recovery'. There is even some market speculation that the Aussie battler will reach parity with the greenback.


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