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Industrial policy-making after COVID-19: Manufacturing, innovation and sustainability

Author

Listed:
  • Mark Dean

    (Carmichael Centre, Centre for Future Work at The Australia Institute, Australia)

  • Al Rainnie

    (UniSA Business, University of South Australia, Australia)

  • Jim Stanford
  • Dan Nahum

    (Centre for Future Work at The Australia Institute, Australia)

Abstract

This article critically analyses the opportunities for Australia to revitalise its strategically important manufacturing sector in the wake of the COVID-19 pandemic. It considers Australia’s industry policy options on the basis of both advances in the theory of industrial policy and recent policy proposals in the Australian context. It draws on recent work from The Australia Institute’s Centre for Future Work examining the prospects for Australian manufacturing renewal in a post-COVID-19 economy, together with other recent work in political economy, economic geography and labour process theory critically evaluating the Fourth Industrial Revolution (i4.0) and its implications for the Australian economy. The aim of the article is to contribute to and further develop the debate about the future of government intervention in manufacturing and industry policy in Australia. Crucially, the argument links the future development of Australian manufacturing with a focus on renewable energy. JEL Codes : L50; L52; L78; O10; O13: O25; O44; P18; Q42

Suggested Citation

  • Mark Dean & Al Rainnie & Jim Stanford & Dan Nahum, 2021. "Industrial policy-making after COVID-19: Manufacturing, innovation and sustainability," The Economic and Labour Relations Review, , vol. 32(2), pages 283-303, June.
    • Handle: RePEc:sae:ecolab:v:32:y:2021:i:2:p:283-303
    DOI: 10.1177/10353046211014755
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    References listed on IDEAS

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    Cited by:

    1. Stephany Isabel Vallarta-Serrano & Edgar Santoyo-Castelazo & Edgar Santoyo & Esther O. García-Mandujano & Holkan Vázquez-Sánchez, 2023. "Integrated Sustainability Assessment Framework of Industry 4.0 from an Energy Systems Thinking Perspective: Bibliometric Analysis and Systematic Literature Review," Energies, MDPI, vol. 16(14), pages 1-30, July.
    2. Naudé, Wim & Tregenna, Fiona, 2023. "Africa's Industrialization Prospects: A Fresh Look," IZA Discussion Papers 16043, Institute of Labor Economics (IZA).
    3. Clio Ciaschini & Margherita Carlucci & Francesco Maria Chelli & Giuseppe Ricciardo Lamonica & Luca Salvati, 2022. "The Industrial Pattern of Italian Regions: A Disaggregated Sectoral Analysis Based on Input–Output Tables," Economies, MDPI, vol. 10(12), pages 1-22, November.
    4. Leonardo Carnut & Lucas Uback & Áquilas Mendes, 2023. "Has the COVID-19 Pandemic Cooled Down or Stimulated the Countertendencies of Capital? A Critical Review," Economies, MDPI, vol. 11(5), pages 1-17, May.
    5. Patel, Pankaj C. & Ojha, Divesh & Naskar, Shankar, 2022. "The effect of firm efficiency on firm performance: Evidence from the Domestic Production Activities Deduction Act," International Journal of Production Economics, Elsevier, vol. 253(C).

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    More about this item

    Keywords

    COVID-19; government; industrial policy; Industry 4.0; innovation; manufacturing; renewable energy;
    All these keywords.

    JEL classification:

    • L50 - Industrial Organization - - Regulation and Industrial Policy - - - General
    • L52 - Industrial Organization - - Regulation and Industrial Policy - - - Industrial Policy; Sectoral Planning Methods
    • L78 - Industrial Organization - - Industry Studies: Primary Products and Construction - - - Government Policy
    • O10 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - General
    • O13 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Agriculture; Natural Resources; Environment; Other Primary Products
    • O25 - Economic Development, Innovation, Technological Change, and Growth - - Development Planning and Policy - - - Industrial Policy
    • O44 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Environment and Growth
    • P18 - Political Economy and Comparative Economic Systems - - Capitalist Economies - - - Energy; Environment
    • Q42 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Alternative Energy Sources

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