manufacturing - Economics Students Society of Australia

manufacturing

A collection of 12 posts

Out with the Mining in with the...?

Out with the Mining in with the...?

Before the 19th century, Australia’s economic output was made up mostly of sectors involved in basic necessities, such as food, leather and domestic items, with the government acting as the primary producer and consumer. It was only in response to the gold mining boom and growth in the wool

Leaning Towards Manufacturing

Australia's economy: then and now

Leaning Towards Manufacturing

In the height of the mining boom, Australia lost sight of the importance of strengthening its manufacturing sector. [1] This is a sector that relies on developing creativity and innovation. It requires the input from research institutions to provide insights into the goods of the future. It needs the support

The story of the real Australian economy: Part 2 – Australia’s house of cards

The story of the real Australian economy: Part 2 – Australia’s house of cards

In my previous article, I outlined the economic conditions Australia faces as the mining investment boom reaches its end, and how strong headline indicators mask deeper structural issues with the economy. I will now take a thorough look into what these issues are and what factors are contributing to Australia’

To greener pastures?

To greener pastures?

Silhouetted against the backdrop of Australia’s recent free trade agreements (FTAs) with Asia is the ailing – yet equally important – concerns of the manufacturing industry. The bright future of our agricultural industries is juxtaposed with the demise of the car industry, a sector that requires urgent attention. What does this

Life in the country – how do regional economies cope in the 21st century?

Economic adjustment

Life in the country – how do regional economies cope in the 21st century?

Having moved to Portland, Victoria, in January, as part of the Teach For Australia program, my economic experience has changed drastically. From studying economics at the University of Melbourne, I am now teaching it to VCE students at a rural secondary school. However, the biggest change has been in developing

A tale of two classes: China’s hukou-based discrimination – Part 2

A tale of two classes: China’s hukou-based discrimination – Part 2

China’s first lawsuit against hukou discrimination commenced in May last year, when a recent graduate from Anhui, Su Min, sued the Nanjing Municipal Bureau of Human Resources and Social Security, alleging that it had discriminated against her during job recruitment. The Bureau specified that applicants must have a Nanjing

The secret to East Asian modernisation

The secret to East Asian modernisation

Throughout history the idea of central planning as a means to achieving social, political and economic reform has been widely debated. In the late 1950s, China and the Soviet Union utilised communist principles to further the process of industrialisation. Market-based economies such as Japan and other western European countries like

Australia's automotive fallout

Australia's automotive fallout

Following recent announcements by Toyota and Holden that they will be closing their Australian automotive plants by 2017, ESSA has gone off to explore the data behind the local car industry and present some facts and figures for our readers. People are not buying Australian-made cars because they don’t

Editors' Picks - April 20 2014

economic progress

Editors' Picks - April 20 2014

This week in Editors’ Picks we discuss tax reform, Australian manufacturing, our housing affordability problem, whether economists are too concerned with maths, and the effects of technology on future economic prospects. Tax reform is hard…so it’s time for an independent tax board – Warwick Smith The lack of response

Editors' Picks - March 30, 2014

Editors' Picks - March 30, 2014

This week in Editors’ Picks, we take a look at threats to the Chinese economy, what makes the labour market unique, the growing problem of offshore profit shifting, the role of the US Federal Reserve in the American economic downturn and a prospective redirection of the Australian manufacturing industry. Are

3D Printing – The next ‘revolution in manufacturing’?

3D Printing – The next ‘revolution in manufacturing’?

Hailed by ‘The Economist’ as catalyst of ‘the third industrial revolution’, 3-D printing, also known as additive manufacturing, looks set to have a significant impact on manufacturing in the near future. What exactly is this technology, touted as the ‘next revolution in manufacturing’? 3D printing is the process of creating

Car Subsidies Delaying the Inevitable

australian dollar

Car Subsidies Delaying the Inevitable

The Federal government announced recently that they will continue to support the Australian car industry through ‘co-investment’ – i.e. through tax-payer funded direct subsidies to industry. This is funneling money to multinational co-operations so they can maintain production of Holdens and Fords in Australia. All this is for one reason