Will the Future Be Made in Australia?

Quick Summary:

The Australian government has a keen motivation to incentivize the emergence of new industries that will protect its standards of living and advance its strategic position.

A recent paper from Asia-Pacific Development, Diplomacy and Defense Dialogue (AP4D) looks at how to strike the balance between allowing the market to function freely without undue government interference and recognizing which sectors require incentives in the national interest.

However, rather than just mining of raw materials and generation of power, the Australian government has understood the energy transition as an opportunity to create something it currently lacks, and that a country of its wealth and education should have: a significant high-tech manufacturing capability.

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Article Details

Author / Journalist: Grant Wyeth

Category: Economy

Markets: United StatesAfghanistanAustraliaCambodiaCanadaChinaIndiaJapanNorth KoreaMyanmarSri Lanka

Topics: Australia Made Domestic Country Future Economic Government China Industries Green Strategic

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-09 @ 22:25:00 (3 days ago)

News Timezone: GMT +8:00

News Source URL: thediplomat.com

Language: English

Article Length: 2126 words

Reading Time: 12 minutes read

Sentences: 99 lines

Sentence Length: 22 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © The Diplomat

News ID: 22482433

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About The Diplomat

Main Topics: Economy

Official Website: thediplomat.com

Year Established: 2001

Headquarters: United States

News Last Updated: 2 days ago

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