25 November 2024

Promises and perils of the Future Made in Australia Act

Australia's industrial policy is shifting significantly with the introduction of the Future Made in Australia Act, which aims to enhance local manufacturing and reduce reliance on commodity exports. But concerns have arisen regarding the potential inefficiencies of targeted investments and the risk of deepening regional disparities. Australia needs a broader and more balanced approach that invests in all states and sectors while forging collaborative global partnerships.