What absolute advantage does Australia have over other countries and through which products?
It mainly comes down to the fact that we have so many natural resources and that gives us quite a lot of power to control various parts of the world. If we stop digging up uranium then parts of the world would go without electricity. We have a very unique position being the only “western” country in the Asia region, which means we have really strong partnerships and link in Asia (trade agreements, business links, political links etc etc) but also really strong links with Europe and the US. Our position will become increasingly important to the US especially as we enter a new era with China and North Korea, as we are the predominant “western” contact within these regions. We also have a large business sector (most European/American companies have offices in Australia), a really strong local and global economy, strong trade links, big, busy international airports in every big city, and lots of people coming in/out for business, leisure and studies. Our tourism industries are very strong
