Yesterday I wrote that the Budget 2012 is noteworthy for its focus on the drivers of growth and support of business. It feels like there is a plan and the Minister has promised funding for a manufacturing competitiveness enhancement programme, industrial development incentives, special economic zones and a lot of infrastructure.
Internationally, specifically in the US, there is a significant debate about whether manufacturing matters and deserves special treatment. I'm slowly starting to read up on this to prepare a SA paper. In the meantime I'll be posting links following the story:
- To recap, my post: Industrial policy on my mind
- Christina Romer said: Manufacturers don't deserve special treatment.
- Laura Tyson argued: Why manufacturing still matters.
- The Brooking Institution agreed: Why does manufacturing matter? and hosted a whole event about it yesterday.
- Then Ryan Avent provided the rebuttal: Manufacturing concerns.