The Hawke-Keating-Howard era is endlessly lauded as the “golden age” of reform in Australia. In no small part, this is because, in a sharp break with the past, our country – on a bipartisan basis – decided to dramatically cut tariffs.
Perhaps it is not surprising, then, that those still around from that period have reacted so negatively to the idea that their approach to trade policy may have been flawed from the beginning.