This thesis aims to develop the argument that the concurrent pursuance of policies of export-orientation in developing countries, and trade liberalization in the advanced world, will bestow economic benefits on both parties.
To more effectively evaluate the credence of this claim, and to highlight its economic ramifactions, the trading relationship existing between the Association of South-East Asian Nations (ASEAN) and Australia has been examined in some detail.
It will be demonstrated that those ASE most advanced in the adoption of export-oriented policies have achieved substantial economic gains relative to those members less advanced. Australia's efforts to isolate her manufacturing sector from the international marketplace has led to the development of an economy unresponsive to the changing patterns of ASEAN import requirements.
Only through the diminution of trade barriers, and the removal of the associated economic distortions, can economic rationality be restored, and the promise of the mutual benefit equation be met.