Consolidation and analysis
Economics became the deepest bond between Australia and Asia. This capstone lesson traces the long arc from feared region to essential partner.
Q1. Why did Australia turn toward Asian markets after the 1950s balance of payments crisis?
Q2. Complete the table of milestones in Australia's trade with Asia.
| Milestone | Approx. date | Significance |
|---|---|---|
| Commerce Agreement with Japan | ||
| Recognition of the PRC | ||
| APEC established | ||
| Asian Financial Crisis |
Q3. Explain the significance of the 1957 Commerce Agreement with Japan beyond its economic effects.
Q4. "Australia's engagement with Asia since 1945 was driven more by economics than by security." To what extent do you agree? Use evidence from across the unit.