Conquering ‘the tyranny of distance’: Australian–European economic and geopolitical relationships past, present and future

Jean Bogais, Massimo Garbuio, Dimitria Groutsis, Sandra Peter, Kai Riemer, Sandra Seno-Alday, John Shields, Catherine Sutton-Brady and Ranjit Voola

European Management Journal, 2022, vol. 40, issue 3, 310-319

Abstract: Australia today remains a continent adrift in a rapidly transforming world. It is economically dependent on China, aligned militarily with the US and yet socio-culturally still profoundly European in outlook. In this article, we reflect on the trends, challenges and opportunities that are likely to define and redefine Australia's interaction with Europe at a macro-level. We focus on eight key macro-level themes: historical connections, labour and migration, geopolitics and security, macro-economic relations and prospects, business relations and investment, technology and innovation, entrepreneurship, and environment and sustainability. We find that while Europe and Australia remain poles apart regarding several pressing global matters, from military and security alliances to official policy on climate change, there are also areas in which the potential for closer engagement are increasingly promising, including trilateral trading relationships with Asia, foreign direct investment and business-to-business relations, digital business, innovation and entrepreneurship, and business-driven innovation to combat global warming.

Keywords: Australia; Europe; Labour migration; International trade; International business; Innovation; Entrepreneurship; Climate change (search for similar items in EconPapers)
Date: 2022
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Persistent link: https://EconPapers.repec.org/RePEc:eee:eurman:v:40:y:2022:i:3:p:310-319

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DOI: 10.1016/j.emj.2022.02.003

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