International trade is one of the most critical activities that has been of great essence to most countries around the world. International trade involves exchanging different types of goods between countries. However, there are various factors such as political, social, and economic factors that are considered to be influencing the trade. In Australia, the trading policies are controlled by the Green political party and the Liberal party of Australia. The two political factors have different slogans, all of which are needed for the economic development of the country (Bailey & Inderberg, 2017, p.140). Arguably, the economic prosperity of any given nation around the world is dependent on the ability of the political influencers to design appropriate policies aimed at favoring economic activities.

Starting with the Liberal policies, the party have several views and strategies based on a specific docket such as education and health. The central ideology supported by the political party is conservatism, which operates in favor of private ownership of property and free enterprise, and other traditional ideas backed by the thinking. One of the most critical policies agitated by this political party is educational policy, which promotes the exchange of students between Australian and Asian colleges (Rosser, 2016, p.128). Besides, the National Broadband Network is mandated to provide free and reliable connection services to every household in the country. The party also has a health policy aimed to subsidize the costs of medical care among citizens (Nottage & Trakman, 2016). Lastly, the Liberal’s plan on climate promotes the use of renewable sources of energy. Additionally, one of the significant contributions the Liberal towards trade is the improvement of the general infrastructure.

Besides, the Green party of Australia also has several policies that influence the trading activities within and outside the country. The dominant ideology of the Green party is socialism and environment, which has promoted the conservation of the situation for maximum benefit. Similar to the Liberals, the Greens are also aiming at strengthening and expanding on the transport sector, which shows a direct contribution to the trading sector (Baxter, Gilligan, & McRae, 2018). On the other hand, the Greens have been promoting socialism and protection of the environment, which is equally vital in encouraging positive interaction between various countries wishing to enter into the trading agreement. However, the policy has a weakness of promoting trading and local environmental conservation and not international trade since; it does not concern with the removal of trade barriers.

Comparing these policies, it is clear that the two parties have both similar and dissimilar systems, all of which are aimed at specific economic and social goals. For example, the Liberals would only promote private ownership of property and free enterprises, which seems to be favoring business activities, which may be done locally or internationally. Since the rules are aimed at improving international trade, the policies under Liberals have included the removal of trade barriers, which have encouraged Australian citizens to import and export goods to and from the country. However, the policy has a weakness of encouraging foreign investments, which have been impacting negatively on the local industries.

References

Bailey, I., & Inderberg, T. H. J. (2017). Australia: domestic politics, diffusion, and emissions trading design as a technical and political project. In The Evolution of Carbon Markets (pp. 136-156). Routledge.

Baxter, T., Gilligan, G., & McRae, C. H. (2018). Australian Climate Change Regulation and Political Math. U of Melbourne Legal Studies Research Paper, (798).

Nottage, L., & Trakman, L. (2016). How Would a New Labor Government in Australia (Re) Negotiate Trade and Investment Agreements?.

Rosser, A. (2016). Asia’s rise and the politics of Australian aid policy. The Pacific Review, 29(1), 115-136.