Beggar thy neighbour; Australia and East Timor.(international relations)

From: The Economist (US) | Date: June 5, 2004 | Copyright information

Rich Australia and poor East Timor are arguing again

FOR East Timor, the second anniversary of independence, on May 20th, was not a happy time. The occasion was overshadowed by a bitter dispute with its rich neighbour, Australia, over access to big oil and gas reserves beneath the Timor Sea that divides the two countries, resources which East Timor says would make the difference between economic self-sufficiency and "begging" for aid to survive.

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