work in the profession outside Australia by failing to publish in international journals,
as is all too evident from the bibliography to this chapter. It is ironic that a good portion
of the small number of articles on Australian political economy that have appeared
in such journals has been written by non-Australia-based writers, and this work does
not always display the most informed understanding of the subject matter. All of this is
unfortunate The uniqueness of the Australian political economy and the research done
on it deserve a wider audience.
A related developmental picture, stemming from work on the political economy of regionalism,
relates to growing regional disparities in Australia, associated with difficulties in the
commodities sectors and weaknesses in developing new dynamic sectors. There is no room
here to explore this literature, although it should be noted that work on the political economy
of regionalism is still underdeveloped in Australia (though see Galligan 1984; Head
1986; Stilwell 1992; Gray and Lawrence 2001; Sorensen 2002).
This timing was not propitious for the development of the study of IPE in Australian universities,
whose phase of rapid expansion (at least in numbers of academic staff if not of students ) had ended by then. The number of international-relations specialists in Australian
universities has always been small (Kubalkova and Cruickshank 1987) and has shrunk substantially
since this observation was recorded. At any one time only a handful of these specialists
has been active in researching topics in IPE. Because relatively few academic staff
taught the subject, an equally small number of students completed PhDs on IPE topics. Active
researchers were also lost to overseas institutions, where the focus of their work inevitably
moved away from Australian-oriented topics. At the beginning of 2002, there were only six
international-relations specialists with professorial rank in Australian universities, of whom
only one specialised in international political economy.
Significant contributions by historians include Dyster and Meredith (1990) (revised edition
Meredith and Dyster 1999), and Pinkstone and Meredith (1992).
Gregory (1991) provides a rare empirical examination of an issue at the heart of dependency
theorists' concerns: the extent to which Australian economic performance and economic
policies are determined externally.
Liberalisation in the financial sphere and Australia's relations with the International Monetary
Fund and the World Bank has received relatively little attention. Financial deregulation is covered
in Bell (1997), Capling, Crozier and Considine (1998), and Kenwood (1995).
On the early postwar period, see also Lee (1995). Snape, Luttrell and Gropp (1998) update
the trade-policy documents for the period from the mid-1960s to mid-1990s.
Rix (1986) provides a history of the early postwar relationship.
Hamilton (1991) and Matthews and Ravenhill (1992) present arguments for the relevance
of new economic theorising for Australian trade policies.
ACIRRT. 1999. Australia at Work: Just Managing. Australian Centre for Industrial Relations Research
and Teaching. Sydney: Prentice Hall.
Anderson, K., and R. Garnaut. 1987. Australian Protectionism:Extent, Causes and Effects. Sydney:Allen and
Anderson, T. 1993. Financial deregulation: Why did competitive markets fail? Journal of Australian
Political Economy 31:57–73.