AUSTRALIAN GOVERNMENTAL STRATEGIES

COMPETITIVENESS OF AUSTRALIAN IN THE GLOBAL MARKETPLACE

The purpose of this research is to review policies and initiatives of the Australian government that are intended to improve the competitiveness of Australian industry in the evolving global economy. Increasing regional exclusiveness in international economic organization (the European Community, the North American Free Trade Agreement, the Association of South East Asian Nations, and others) strips away traditional markets for countries such as Australia, while simultaneously making it more difficult for such countries to gain entry into new markets (Pugh, 1994, p. 4B). Aggressive and frequently unfair trading practices by economic superpowers such as the United States and Japan create additional problems and barriers for midlevel economies such as that in Australia. In this review of Australian policies and initiatives, comparisons are made, where appropriate and relevant, with those of the United States.

The findings of this review are presented in four major discussions each of which is interrelated with each of the others. The first discussion covers the contemporary state of the Australian economy, while the second discussion addresses the effects on and implications for the Australian economy of international economic organization, the third discussion examines the industrial policy of Australia, and the final discus

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ited States, because it will be the Mexican production of American firms which is exported. To be fair, the Bush Administration counted on and the Clinton Administration is counting on a stronger Mexican industrial sector to increase its demand for American hightech data processing equipment, capital goods, and capital. Such an increased demand will benefit the American economy, and it will result in employment growth in hightech data processing equipment and capital goods production. If jobs are lost in other sectors of the American economy, however, most such jobs will not be transferable to the new demand areas; thus, a small army of unemployed and underemployed American workers will be created, and the American economy will be saddled with increased welfare and dislocation costs. In the energy sector, a prime American goal in the free trade negotiations with Canada was gaining access to Canadian energy resources. A similar American goal existed with respect to Mexican energy resources. Since the early days of this century, however, Mexico has carefully protected its energy resources from foreignparticularly Americancontrol and exploitation (Whalen, 1990, pp. 3643). In the FTA, the American objective was at
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Approximate Word count = 4793
Approximate Pages = 19 (250 words per page)

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