Tag Archives: protection

Nostalgia for the car industry won’t bring it back: domestic market too small, labour costs too high

It is the last day of car manufacturing in Australia today, with the final Holden cars to be manufactured at the soon to be shut Elizabeth plant in SA, as reported in the Courier-Mail. It is awful that thousands of … Continue reading

Posted in Industry policy, Labour market, Uncategorized | Tagged , , , , , | 8 Comments

ABC Brisbane radio interview on Toyota departure

This morning, Steve Austin from 612 ABC Brisbane interviewed me regarding Toyota’s departure and the demise of car manufacturing in Australia: How will Toyota’s departure affect the local economy? I reiterated a number of points I’ve made previously, including in … Continue reading

Posted in Industry policy, Macroeconomy | Tagged , , , , , , , | 5 Comments

New Government should reject car industry begging

Since the late 1940s, Australia has bought itself a car industry, first through very high tariff protection that rose to around 57% by the 1980s, and then through financial assistance that, in part, replaced the benefits of tariff protection to … Continue reading

Posted in Industry policy | Tagged , , , , , , , , , | 2 Comments