Raw Materials and Pacific Economic Integration (1978) focuses on the trade in raw materials – the basis for trade between Australia and Japan, and indeed for the economic relations within the Western Pacific regions. A quantitative analysis of the nature of economic relations between Japan, Australia and the developing countries in the Western Pacific and South-East Asia is presented together with a detailed consideration of an ‘interdependent’ economic relationship. The way in which trade and investment activity has produced a ‘mutual dependence’, the role played by long-term contracts in maintaining the relationship and the implications for domestic economic management are of special interest to all countries where trade is concentrated in particular markets or which have special relationships with considerably larger or smaller partners.

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