Aims: The fundamental objective of the study is to assess the relative growth performance of the subdivisions of the Australian manufacturing sector in a globalized environment as reflected in trade liberalization in the period 1968/69-2021/22.
Study Design:
The study involves primary data which is used to formulate figures and
tables.
Place and Duration of Study: University of Western
Sydney, School of Business between December 2022 and January 2024.
Methodology: Figures and tables are used as the main
framework of the analysis of the study.
Results: The capital-intensive manufacturing
subdivisions have exhibited a stronger growth performance relative to the more
labor-intensive manufacturing subdivisions. For example, the former category is
characterized by coal, petroleum and related products manufacturing and metal
product manufacturing growing by 3.6 and 2,6 percent respectively compared to
textile, clothing and footwear manufacturing which is representative of the
latter category growing by 0.1 of one percent in the period 1968/69 -2021/22.
Conclusion: Manpower policies are required to
re-train the unemployed labor emanating from the contraction of the
labor-intensive manufacturing subdivisions to enhance employment prospects in
the expanding capital-intensive manufacturing subdivisions.
Author(s) Details:
Andrew Marks,
University of Western Sydney, Locked Bag 1797, Penrith, N.S.W.,
2751, Australia.
Please see the link here: https://stm.bookpi.org/CRBME-V6/article/view/14352
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