This report puts the openness and international connectedness of the Australian economy into historical and comparative perspective. Understanding these trends is important for public perceptions of globalisation and how these perceptions inform public policy.

The pervasive gridlock affecting the traditional global governance approach calls into question the idea of broadening its scope beyond its core remit, and it calls for alternatives, either as substitutes for obsolete arrangements or to address emerging collective action problems in new, inadequately covered fields.

On the world scale, research-intensive universities (World-Class Universities - universities producing at least 1,000 science papers in 2012-2015) now operate as a single network, one that is increasingly integrated and also operates as positive sum, with the leading research nations fostering emerging science countries through collaboration.

CEDA has assembled some of Australia’s leading thinkers on the global economy, global security and global governance to analyse the current state of play and assess how Australia is responding.

Multinational enterprises (MNEs) operating by way of wholly owned subsidiaries are responsible for an increasing percentage of global trade. This paper looks at how the existing rules based on the arm’s length principle allocate a MNE’s profit between the taxing jurisdictions in which it operates. It highlights the limitations of the arm’s length principle by...