In rolling out his government’s response to the massive industrial subsidies being offered in the United States through its Inflation Reduction Act, you couldn’t accuse Anthony Albanese of being a ‘first mover’.
In fact, the Albanese government has been slow in getting to the party. The European Union, Japan, South Korea, Canada and other comparable nations have each had policy responses in place for some time.
And yet the Australian response, while short on specific detail, is consistent with everything the Prime Minister and his senior colleagues have been saying on industrial policy since before the 2022 election.
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