Economics – Industry policy where to now?*

Former Liberal MHR Ken Aldred, while conceding the excessive tariffs of Australia’s past, advocates dramatic policy changes concerning foreign investment and local manufacturing in the future.Heartening though it is that Australia has avoided a recession, as formally defined, debate remains focussed on short-term issues.Growth is moving again; that’s good. However, our dollar is still worth little more than half the greenback. Ludicrous explanations are offered for this, ranging from it all bein…

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