National Industrial Policy

4 April 2015
Examines interrelationship among policy, international trade & economic theory in general & applied to govt. & business in Australia.

An industrial policy attempts to provide an economic environment that either (1) supports industrial development generally, or (2) promotes the development of specific industries or sectors of an economy. Such a policy might include (1) tax incentives to support either investment or exports, (2) subsidies direct or indirect to industrial firms or industries, (3) protection against foreign competition, (4) worker training programs, (5) funding full or participating?for research and development, (6) grants and loans to support (a) regional development, (b) the development of specific industries, or (c) small business, (7) export financing, (8) loans and loan…

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