Give a brief description of Australian global economic policy.
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Australian Global Economic Policy: Balancing Trade, Investment, and International Cooperation
Australia's global economic policy is formulated to promote economic growth, enhance trade relationships, and contribute to regional and global stability. The policy framework is characterized by several key elements that reflect the nation's commitment to an open and interconnected global economy.
1. Free Trade Agreements (FTAs):**
2. Economic Diplomacy:**
3. Foreign Direct Investment (FDI):**
4. Global Economic Governance:**
5. Innovation and Technology Cooperation:**
6. Development Assistance and Aid:**
7. Sustainable and Inclusive Growth:**
8. Resilience to External Shocks:**
In summary, Australia's global economic policy is characterized by a commitment to free trade, economic diplomacy, responsible foreign investments, and active participation in global economic governance. The nation strives to balance economic growth with environmental sustainability, inclusivity, and resilience to external challenges, contributing to a stable and interconnected global economic landscape.