It has been claimed that globalisation was the most exaggerated fad of the 1980s. Likewise, strategic trade policy has been described as the new protectionism. Yet Australian industry must compete in a world which is increasingly dominated by transnational corporations. Governments must frame policies for industrial development recognising that their counterparts overseas are implementing comprehensive global strategies. This article examines some of the implications for the Australian information technology industry of the spread of global industrial strategies and the emerging tendency of governments to intervene in strategic sectors of the economy.
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