Australia-US Alliance Enhanced as Economies Decouple

Author
Graeme Dobell
Content Type
Journal Article
Journal
Comparative Connections
Volume
13
Issue Number
2
Publication Date
September 2011
Institution
Center for Strategic and International Studies
Abstract
Australia has a close alliance with the US and deep emotional and cultural ties, but the new reality is that the two economies have decoupled. Twice in the past decade the US has gone into recession, but Australia has kept growing; that is a huge change from the 20th-century experience when Australia's fortunes were closely tied to the health of the US economy. Asia now sets Australia's economic temperature, even as the Australian military draws closer to the US through parallel reviews of the posture of their defense forces.
Topic
Economics
Political Geography
United States, Asia, Australia