Industrial policies must strike the right balance between protection and market discipline. South Korea's experience in the 1980s and 1990s offers useful lessons here, points out Keun Lee. bit.ly/3UI0OfD

'With so many things going right for medical innovation on the research side, the right policies and incentives... could be the boost that ensures advanced medical manufacturing plays a key role in... Australia’s growth'- Dig Howitt, Cochlear

aumanufacturing.com.au/towards-3-rd-m…

There's a mistaken belief that South Korea's industrial policy succeeded because it took an export-oriented approach rather than import substitution.

An FT piece cites Hyundai as an example. But South Korea basically banned the import of foreign cars until 1987. 1/ 🧵

“Is the goal of industrial policy to exclude competitors from the domestic stage, via tariffs? Or to make domestic producers more competitive & innovative in a global sense & better able to compete? Or is it something else?” Gillian Tett ft.com/content/ef12d3… CPD

“Would Canada benefit from establishing a productivity commission modeled on the version that has been operating here in Australia for several decades? The evidence is hardly compelling” My advice to our Canadian friends Information Technology and Innovation Foundation itif.org/publications/2… The Conference Board of Canada ISED

Would Canada benefit from establishing a productivity commission modeled on the version that has been operating here in Australia for several decades? The evidence is hardly compelling, as Roy Green explains ⤵️ itif.org/publications/2…

#IndustryGrowthProgram grants are now open to help with #commercialisation and #BusinessGrowth .

Eligible innovative start-ups and small-to-medium businesses can apply for expert advice and matched funding grant opportunities up to $5 million.

Read more: spklr.io/6013oLkU

📢We're welcoming today's news that the Australian Manufacturing Capability Network (AMCN) has been selected as an Industry Partner Organisation for the Industry Growth Program >> ow.ly/2t2w50RuhzT
Roy Green

Advice OECD ➡️ Better Policies for Better Lives “Fuel tax credits are expensive & limit incentives to reduce fuel use. They cost AUD 8 bn per year in lost revenues. The government should consider reducing the generosity of fuel tax credits for off-road vehicles & machinery” oecd-ilibrary.org/economics/achi… Jim Chalmers MP

#cleanenergyprecincts bring businesses and organisations working towards a low-or-no emissions future together and can catalyse investment, job creation, exports, and innovation. Discover the opportunities of these #greenzones in CEDA’s report.

ceda.com.au/clean-energy-p…

Good timing for ABC Radio National broadcast of Mariana Mazzucato moonshot approach to industrial policy UTS as AU & QLD govts make strategic bet on #quantum computing recalling JFK ‘not because it is easy but because it is hard’ 🚀 abclisten.page.link/KGNNE6ravEt8JS… Anthony Albanese Department of Industry, Science and Resources

1/ People are talking about industrial policy

🧵on a paper with E. Fernandez Arias & Ricardo Hausmann published in a special issue of JNL Industry, Competition & Trade edited by Karl Aiginger & Dani Rodrik

(ungated link in the next tweet)

By 2030, China’s capacity for making legacy semiconductor chips will likely exceed the US, EU, and Japan combined, according to analysis by Paul Triolo 1/ 🧵

Australia can be a primary beneficiary of the churn & change in the global economy, but only if we make ourselves indispensable to the net zero transformation and align our economic & security interests more tightly. The Australian #auspol #ausecon

1/11
In my latest piece for the FT, I argue that there are two very different trade-related conflicts involving China that are too often conflated. On the one had is the problem of excess capacity in certain industries.

ft.com/content/879f5d… via @ft

🇨🇦 Canada lags behind its peers in key indicators of innovation, productivity, and economic competitiveness, according to a new report by the Centre for Canadian Innovation and Competitiveness, a newly formed Ottawa-based affiliate of ITIF. #IPC
itif.org/publications/2…

The 2008 GFC was a pivotal factor in the economic landscape. Business R&D collapsed and has not recovered. Recent advocacy for lifting R&D has only addressed symptoms of the problem and has made the recovery task look deceptively simple. wix.to/0W6Kw4S
#newblogpost

Satellite manufacturer Space Machines Company has announced a joint Indian-Australian mission on space debris management, supported by an $8.5 million grant from the Australian Government 's Australian Space Agency.

aumanufacturing.com.au/space-machines…

The Earth and Moon as seen by the Cassini probe from Saturn's orbit. All of humanity in one small dot in space.

Today in our editorial series – Towards 3% R&D – Turbocharging Australia’s Innovation Effort – Academy of Technological Sciences & Engineering President Dr Katherine Woodthorpe #voteYES looks at the potential of innovation in low emission products for export.

aumanufacturing.com.au/towards-3-rd-a…

#auspol #research #decarbonisation