Industry and Science minister Ed Husic will use a landmark speech on Wednesday to stitch together the component parts of new thinking on industrial policy that turns 40 years of orthodoxy on its head.
A pandemic recovery, geopolitics, and the pressing need to build toward a net zero economy had all come together to force a change in the way we approach industry policy in Australia, Mr Husic will tell an American Chamber of Commerce luncheon in Sydney.
And that fundamental change has a distinctly interventionist flavour. Picking winners, bigger bets, and new policy frameworks that encourage increased investment in research: This is the new direction.
Want to know how this story ends?
Become a subscriber for complete access to all stories on InnovationAus.com and our daily newsletter.
Do you know more? Contact James Riley via Email.