Economic research

The Institute for Integrated Economic Research-Australia: our latest global partner

By Robbin Laird

The Second Line of Defense/ team works with a number of global partners.

We welcome our latest partner The Institute for Integrated Economic Research-Australia which is chaired by Air Vice Marshal (Retired) John Blackburn and was founded precisely to address the underlying issues that have been exposed during the recent coronavirus crisis.

In an April 2, 2020 article by Ben Peckham published in the Australian, the work of our new partner, The Institute for Integrated Economic Research-Australia has been highlighted.

Before the crisis, Scott Morrison was invited behind the scenes to recast the national security debate to include a lucid assessment of the country’s most pressing vulnerabilities.

Australia’s overwhelming reliance on imported drugs and fuel, its decimated fleet of merchant ships and its declining manufacturing industry were among the priorities identified…..

Retired Air Vice Marshal John Blackburn has been a leading advocate for a more holistic view of national security based on “smart sovereignty” and trusted supply chains.

“We have to accept that the price of not doing it is much higher than the lower cost of buying the cheapest thing,” he told The Australian.

“When a crisis occurs, the government and the community can come together and manage the crisis, and we’re not fighting all over the place for toilet rolls.”

The Institute for Integrated Economic Research, chaired by Blackburn, recently published a paper that identifies Australia’s 90% reliance on imported medicines as a national security risk. He warns that the Chinese-dominated supply chain for drugs and active pharmaceutical ingredients makes Australian medical supplies vulnerable to disruption.

And the Therapeutic Goods Administration’s list of drug shortages reveals that 58 medicines used by Australians are subject to critical supply issues, with more than a dozen added to the list in the past fortnight alone.

The retired RAAF officer has also been a key agitator in Australia’s oil insecurity, citing the lack of strategic crude oil and finished oil reserves. According to figures from the Department of Energy, Australia has just 29 days of liquid fuel stocks at refineries and wholesale terminals – well below the Agency’s fuel safety benchmark of 90 days. energy international.

According to the Institute’s website:

The Institute for Integrated Economic Research (IIER) – Australia was founded in 2018. It conducts and supports research to contribute to a better understanding of how Australians can plan for and navigate important transitions in the fields of economics. energy, environment and economic systems. decades to come while preserving the stability and security of our society.

These three areas are intertwined, but largely managed as separate competing issues, due to short-term policy goals. We need a national security strategy that integrates these and other related systems, such as information and infrastructure, into a national resilience framework.

To address this challenge, the Institute will work with a range of Australian think tanks, universities, representatives of federal and state government departments, media and relevant community groups. The Institute is an independent, non-partisan and non-profit organization. He will not lobby for, or represent, any specific industry or company.

Members of the IIER-Australia Board of Directors are: Air Vice Marshal (Retired) John Blackburn AO, Anne Borzycki, Neil Greet, Dr Hannes Kunz and Dr Gary Waters.

Institute Fellows are Dr. Simon Quilty, Dr. Paul Barnes, Dr. David Hyland-Wood, Dr. Graeme Taylor, Cheryl Durrant, Bernadette Hyland-Wood, Ian McDonald AM, Dr. Michael Thomas, Dr. Anthony Bergin and Professor Ted Goranson.

IIER-Australia is affiliated with, but not financially/organizationally linked to, the European Institute for Integrated Economic Research. This institute is a non-profit organization that focuses on the identification of descriptions and models of empirically validated macroeconomic systems and their dissemination.

IIER-Australia benefits from the extensive research conducted by IIER in Europe. IIER Europe publications and links can be found at the bottom of this page.

I am honored to join their efforts as a researcher starting this month.