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Description
This assessment complements the recently released IRS Research Paper Industry Policy in Australia. It relates to a key event i.e. Trade Liberalization, which occurred between the late 1960s and 1996 when the present Government came to office. This assessment is an appraisal to assess the economic effects of Trade Liberalization in the Australian Motor Vehicle Industry. During this assessment, we will review the Industry policy in Australia, its economic transformation and the economic effects of Trade Liberalization on Australian Motor Vehicle Industry. There is clear evidence that this liberalization has increased the volume of trade, imports, exports, and productivity, but reduced the locally produced cars for internal consumption.
