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Q: Government Business Relations Issues (Australia) ( Answered 5 out of 5 stars,   0 Comments )
Question  
Subject: Government Business Relations Issues (Australia)
Category: Business and Money > Economics
Asked by: tnargak-ga
List Price: $3.00
Posted: 30 Jun 2003 17:46 PDT
Expires: 30 Jul 2003 17:46 PDT
Question ID: 223742
What is Industry Policy? and provide an example.
Answer  
Subject: Re: Government Business Relations Issues (Australia)
Answered By: politicalguru-ga on 01 Jul 2003 02:05 PDT
Rated:5 out of 5 stars
 
Dear tnargak, 

There are several ways to describe the term "Industry Policy",
especially as it applies to the Australian case.

Industry policy could be described as the measures a certain
government takes, in order to develop the industrial sector. Greg
Turnidge wrote, "At its most simplistic level, Australia's industry
policy could be described as the range of budgetary (including tax)
and tariff initiatives used to support different industry sectors.
This is the traditional approach and it mainly refers to policies
directed at the agriculture, mining and manufacturing sectors. A
broader definition of industry policy includes competition policies,
deregulation initiatives and removal of market access limitations.
Such a description encompasses a wider industry structure including
the banking and finance, commercial aviation, telecommunications and
electricity sectors. But the effectiveness of these policies depends
upon whether these initiatives are working coherently towards
achieving some overall industry development goal" (Source: Turnidge,
Greg, "Industry Policy for Australia: A System Based Approach", The
Committee for Economic Development of Australia CEDA, CEDA Bulletin,
October 1997, p.17 & 21 <Cached version could be found at
http://216.239.37.100/search?q=cache:RgN_s3cvDJkJ:www.ceda.com.au/Research/Bulletin/Industry%2520Policy%2520for%2520Australia%2520-%2520Greg%2520Turnidge.htm+%22Industry+Policy%22+definition&hl=en&ie=UTF-8>).

Thus, there are many examples of such an industrial policy, from
subsidies to industries to workforce administrative laws and
regulations, from tariffs to the research and development policies. In
the two examples specified here, there are two different analyses of
industry policy. One is industry specified - it aims to analyse the
issue of the industry policy in reference to knowledge industry, in
Western Australia. The other analyses the role of one of the
components (or examples) of what industry policy is, research and
development activities.

Example I (region and industry specific) - Knowledge Economy in
Western Australia:
Western Australian TECHNOLOGY AND INDUSTRY ADVISORY COUNCIL (March
2002, "Directions for Industry Policy in Western Australia within the
Global Knowledge Economy: Sustainable Prosperity through Global
Integration" http://www.wa.gov.au/tiac/directions/direct-01.html -
This example basically shows the problems in applying industry policy
in a competitive world and in a free market economy, especially in the
case of the knowledge industry.
 
Example II (policy specified) - Research and Development (R&D)
policies:
Robin Stonecash, "Wither the Clever Country? Australia’s Industry
Policy" _Policy_ Autumn 1999,
http://www.cis.org.au/Policy/autumn99/polaut99-11.htm - this article
analyses the important role that R&D plays in industry policy. R&D, or
the governmental encouragement of the development of new products,
maintains the industry competitive, while keeping an advantage at the
innovation level.

Further Reading: 
===============
Nugget Zine, "Australia needs an Industry Policy" 
http://dkd.net/davekidd/politics/indpol.html -

Australian Parliament, "Industry Policy in Australia" (Research Paper
3 1999-2000) - http://www.aph.gov.au/library/pubs/rp/1999-2000/2000rp03.htm

Western Australian Government, "Directions in Industry Policy in WA"
http://www.wa.gov.au/tiac/directions/

---  , "Industry Policy for Western Australia: Concepts and
Practices", Paper No. 10, TIAC,
http://www.wa.gov.au/tiac/directions/paper10/paper10.html

One Nation Party, "Summary of the Industry Policy"
http://www.gwb.com.au/onenation/policy/dpi.html [extreme right wing
political party's platform on the subject].

The National Party of Australia, "Industrial Policy"
http://www.nationalparty.org/policies/2001-11-01-industry.htm [another
platform of a right-wing party].

I hope that answered your question. My search strategy was to use
these terms in order to look for suitable definitions and examples -
and of course, to use my own knowledge in the area. If you need any
clarifications on this answer, please let me know. I'd be pleased to
clarify my answer before you rate it.

Request for Answer Clarification by tnargak-ga on 04 Jul 2003 23:08 PDT
Thats a great answer, ill give good rating, however can you answer my
other questions. YOu sound like you know what your talking about

Clarification of Answer by politicalguru-ga on 05 Jul 2003 03:29 PDT
Thank you. I'll try to look into your other questions.

Request for Answer Clarification by tnargak-ga on 10 Jul 2003 00:00 PDT
Were you able to answer my other questions?

Clarification of Answer by politicalguru-ga on 11 Jul 2003 07:56 PDT
I answered one of your questions briefly while requesting a
clarification on another.
tnargak-ga rated this answer:5 out of 5 stars

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