economic nationalism --- Trade agreements if not handled with caution can cause tension and disputes between nations. A case in reference is the recent fallout between France and Australia over the French contract to supply submarines to Australia worth € 31Billion signed in 2016. The dispute escalated to the point of France withdrawing their Ambassadors from Australia and the US as a sign of their displeasure. Whilst appreciating France’s disappointment, Australia’s Prime Minister has been unapologetic about their decision to cancel the contract with France and enter into an new agreement with the Americans, insisting it was done in favour of national interest

Source author: Lapologang Judah lapoduna@gmail.com