TAILIEUCHUNG - Trends in manufacturing to 2020 A foresighting discussion paper

The industrial reforms of the 1980s and early 1990s were accompanied by financial reforms beginning in the mid-1980s. These increased local financial autonomy and reduced the central government’s budgetary support for most firms. Even today, however, firms apply to the central government for budgetary assistance for their largest capital investments. The overall impact of the full set of reforms has been growth in the manufacturing sector at an average annual rate of fifteen percent since 1978. The early years, until 1985, were characterized by output growth from more efficient use of inputs (Li (1997)) and convergence of the marginal revenue. | Trends in manufacturing to 2020 A foresighting discussion paper Future Manufacturing Industry Innovation Council Date 30 September 2011 For more information or to comment on the paper please contact Manager Future Manufacturing Department of Innovation Industry Science and Research GPO Box 9839 Canberra ACT 2601 Phone 02 6213 6000 Facsimile 02 6213 7000 Email Futuremanufacturing@ ii Future Manufacturing Council discussion paper Trends in manufacturing to 2020 Table of Contents Executive Future Manufacturing Defining Profile of Australian Trends to 2020 . and beyond Issues and opportunities for Australian Terms of trade driving value and volatility of the Australian dollar and structural changes in the economy - an upside to manufacturing and associated downstream Technological Increasing skills requirements for precision high value-add Productivity Sustainable Global megatrends - population demographics people on the move and increasingly demanding technological advances - opportunities abound .26 Globalisation the rise of emerging economies and global supply Opportunities created by innovation - industry Medical Australian automotive manufacturing Transitioning textile manufacturing in Mining technology Next steps - ensuring a robust Australian manufacturing sector in Future Manufacturing Industry Innovation Council Strategic Roadmap 2010 - Contributors to this .

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• Subcontracting SMEs