Business
Australia bottom of league table on manufacturing self-sufficiency – Sydney Morning Herald
An Australia Institute report found a third of OECD countries used more than they made; Australia was the least self-sufficient, while Ireland and Germany topped the list.
Australia ranks last for manufacturing self-sufficiency among its global peers, producing goods worth only about 70 per cent of the amount it consumes.
A report by think tank the Australia Institute found a third of Organisation for Economic Co-operation and Development member countries used more than they made. Australia was the least self-sufficient, while Ireland and Germany topped the list.
AMWU boss Paul Bastian says the federal government should change procurement rules to boost domestic…
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