Advertisement
The Australian Sovereign Capability Alliance has called on the federal government to appoint a minister for Australian sovereign capability.
This follows the release of a report it commissioned, which found that Australia has the lowest level of manufacturing self-sufficiency of any country within the OECD.
ASCA director Martin Hamilton-Smith claims Australia is reliant on other countries for everything it needs in an emergency , with its vulnerability being exposed during the pandemic.
The full text of this article is available to MacroBusiness subscribers
Cancel at any time through our billing provider, Stripe
About the author
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness.
Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.