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Other reasons protectionism didn't work in Australia were Free Trade Agreements where we import cars from eg: Thailand with no duty, but exports to Thailand att
by manicdee 10y ago
Other reasons protectionism didn't work in Australia were Free Trade Agreements where we import cars from eg: Thailand with no duty, but exports to Thailand attract around 70%.
Then there was the insistence on manufacturing cheap family cars rather than luxury models, ensuring the production lines would never be profitable.
The car industry in Australia looked more like a public capital extraction mechanism than a (heavily subsidised) car building business.