In the first edition of this series, I examined the political economy theories that can be applied to analyse the rationales for protectionist policies. I also provided a brief overview of the evolution of import protection in Australia throughout the 20th century.
This article highlights the key milestones in policy development during that time. My aim is not to regurgitate these events on a decade-by-decade basis, as such recounts can be easily found in any history book (although as a recent economic history convert, I highly recommend you seek said books!).