“The rise of Asian economies was the most important reason for the economic realignment of Australia and New Zealand.” Discuss.

The question requires that candidates offer a considered and balanced review of the statement that the rise of Asian economies was the most important reason for the economic realignment of Australia and New Zealand. Reasons may predate the timeframe but they must be clearly linked to the issue raised in the question. Candidates may discuss Japan’s booming post-war economy, particularly from the 1960s onwards, which led Australia and New Zealand to increase trade with their Asian neighbour. By 1960, for example, Japan had replaced the United Kingdom as Australia’s principal market for wool. As Japan’s economy stagnated in the 1990s, China became an increasingly important trade partner for both Australia and New Zealand, with a particular desire for raw materials like iron ore. Other relevant factors may be addressed, for example the United Kingdom joining the European Economic Union (1 January 1973), which adversely affected trade with Australia and New Zealand, but with a focus on the issue in the question. Candidates’ opinions or conclusions will be presented clearly and supported by appropriate evidence.