Industrial policy is back in fashion across the developed world, most obviously in the United States. Policymakers from Brussels to Tokyo have introduced their own versions. One count suggests over 2,500 New Industrial Policies were introduced globally, and now Canberra, too, has embraced this new intervention. Join us to weigh up the potential impact - will this be a magic bullet or a waste of money?

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Recording available from: Friday, 18 October 2024
Expiry Date - Tuesday, 14 January 2025
Duration - 60

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This event will earn you 5 DPD units

In April this year, the Prime Minister said that the Government would create the Future Made in Australia Act. The following month, in Budget 2024-25, the Treasurer announced a $22.7 billion Future Made in Australia package. And the Government duly introduced the new Future Made in Australia Bill 2024 in July this year.

Join AICD’s Chief Economist Mark Thirwell GAICD for a guide to the new economics of industrial policy. In this webinar Mark will cover:

  • What is Industrial Policy?
  • Why is it making a return now?
  • What do economics and history tell us about how industrial policies are supposed to work in theory…and in practice?
  • What is Canberra proposing to do with its Future Made in Australia strategy?
  • What are the potential benefits and risks?

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