From www.aumanufacturing.com.au: The article discusses the resurgence of domestic manufacturing policies in response to vulnerabilities exposed by the COVID-19 pandemic and geopolitical tensions, particularly trade wars and China’s manufacturing dominance.

It highlights a significant increase in government intervention through industrial policy, aimed at reshaping economic activity and ensuring self-reliance across various sectors.

Despite the historical scepticism around industrial policies, countries are increasingly implementing them to enhance economic resilience, acknowledging the complexities and potential market disruptions involved.