London | The Albanese government’s Future Made in Australia industrial policy does not pitch the country into a new global race to ramp up subsidies, according to one of the prime minister’s economic lieutenants.
Assistant Trade Minister Tim Ayres, who has just been in Paris for a summit of the 38-country Organisation for Economic Cooperation and Development, said government intervention to support and develop domestic industries was emerging as a new global norm.
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Hans van Leeuwen covers British and European politics, economics and business from London. He has worked as a reporter, editor and policy adviser in Sydney, Canberra, Hanoi and London. Connect with Hans on Twitter. Email Hans at hans.vanleeuwen@afr.com
