ASPI this week released a new report arguing that Australia must deepen the integration of its existing economic, intelligence, and security tools into a fused national economic statecraft capability rather than creating new instruments or simply coordinating disparate agencies.
The report states that success in a contested global economy requires clear strategy, disciplined escalation thresholds, and integrated decision-making so that Australia can act in time, with purpose, and on its own terms.
ASPI stated:
Ultimately, in a system as complex and contested as today’s global economy, this report suggests that success depends on clear strategy, disciplined escalation thresholds and integrated decision-making. When nations fail to align intent, tools and execution, they do more than miss opportunities—they risk ceding ground by default. The recommendations set out in this report offer Australia a way to integrate the strengths it already has—its institutions, regulations, alliances and industrial strengths—into a genuinely national capability for economic statecraft, better allowing Australia to act in time, with purpose, and on its own terms.
Read the full report: Markets as the New Front Line: Fusing Australia’s Economic Statecraft