October 8, 2012
China and Australia's Coming Divorce
James Parker, The Diplomat
In an interconnected world, “decoupling” is the idea that it’s possible for one country to avoid the transmission of economic pain from another. It holds that, although an emergent economy may have depended on its more mature neighbors as export markets and sources of investment, eventually it will strengthen to a point where it breaks free from that dependence, such that a crisis or shock in the latter will not affect it adversely.
TAGGED: Globalization, Australia, China