The most courageous, enduring and beneficial change that the Hawke ascendancy brought 25 years ago was in industry protection. Now, aspiring industry Minister Kim Carr wants to retard the industry’s shift into the global economy by halting the planned tariff reduction regime.
Tariff reduction
Cutting tariffs: short-term pain, long-term gain
Cutting tariffs below their current levels will of course harm the car industry. That’s actually how tariff cuts have helped economic growth in the last decade – by slowly moving resources from lower productivity industries to higher productivity industries, writes Nick Gruen.
