Wong says Labor will embrace globalisation, reject protectionism

Wong says Labor will embrace globalisation, reject protectionism, by Greg Sheridan.

Penny Wong will commit a future Labor government to strong support­ for globalisation, an open economy and low trade barriers, in a speech to the Lowy Institute today. …

Stressing growth over redis­trib­ution, she adds: “It is economic growth that delivers the improvements in human welfare, that lifts people out of poverty, and that creates the opportunities for future generations that are central to Labor’s vision of a strong, prosperous, fair and just Australia.” …

She hails the centrality of Australia’s alliance with the US, as well as its ability to adapt. She says: “It has evolved over the 65 years since its entry into force to reflect long-term interests rather than short-term threats.” …

The comments suggest that those sections of the Labor left, and some commentators, who want Australia to move away from the US will be disappointed by a Labor government led by Bill Shorten, with Richard Marles as its defence minister and Senator Wong as foreign minister.