The Australian's Editor-at-Large Paul Kelly writes that "Strategic competition now spills into economic and technological warfare. It is all-encompassing. In their relentless competition Xi and Trump have retreated from the era of market-based interdependence — the age of globalisation and liberal free trade — and embraced a fusion of economics and security, creating what many call the 'economic security state'."
The article quotes USSC Non-Resident Senior Fellow Dr John Kunkel's USSC report "Paradigm Shift: The End of the Washington Consensus and the Future of Australian Economic Statecraft" on the inevitability of Australia's construction of its own economic security state and what is needed to accomplish it.