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 book here:- https://doi.org/10.9734/bpi/crbme/v6/3185G
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