Australia is much closer to Pakistan than we think but Pakistan can call itself China’s #1 export partner, something that Australia deliberately gave up thanks to Turnbull, Abbott, Morrison etc…

Horace Lim: Australia is much closer to Pakistan than we think but Pakistan can call itself China’s #1 export partner, something that Australia deliberately gave up thanks to Turnbull, Abbott, Morrison etc…

Put simply, Australia is rich and dumb, and getting dumber. Australia sells the world almost nothing, relative to total exports, that requires a degree to make. Australian economy: the 8th-richest nation in the study has the export profile of Angola. About 70% of products sold to foreign buyers, on a net basis, are minerals and energy. Add in food, alcohol, wool, tourism and metal products, and the figure rises to around 99%. https://www.afr.com/policy/economy/australia-is-rich-dumb-and-getting-dumber-20191007-p52y8i?fbclid=IwAR2AISUXQZK1sU68_ZlqW4Lqcb5gysGIVmnxxdxNNMAv7IIb73DsI5lxh-o Australia is #93 on export complexity