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Let's not squander the recovery on grand industrial visions

Nev Power's desire to reboot uncompetitive manufacturing will only weaken Australia further in a tough new world.

Alan Mitchell
Alan MitchellContributor
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In the advanced economies, the COVID-19 crisis has forced emergency production of medical equipment and is expected to see a re-evaluation of the current reliance on global supply chains.

Some economists are talking about an increase in onshore manufacturing in advanced economies using robots to compete with the cheap labour of emerging market economies like China.

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Alan Mitchell writes on economics, policy, and infrastructure. Alan was formerly economics editor of the Financial Review and has also worked for the ABC and The Sydney Morning Herald.
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    Original URL: https://www.afr.com/policy/economy/let-s-not-squander-the-recovery-on-grand-industrial-visions-20200407-p54hw3