Melua,
Economics 101. Whether you or I agree with it or not, part of restructuring involves the theory of competitive advantage and all the applications that it involves. Should we be buying iron ore and uranium from Hong Kong and still be manufacturing shoes in australia for example?? The answer is obviously no.
Australias competitive advantage lies in its mining industry , china's lies in its source of cheap labour.
If australian manufacturers are moving offshore it would be because it makes sense to do so. In our current tight labour market it would be vey hard to bring manufacturing projects in on budget wich would only exacerbate the difference between manufacturing in China and Australia.
When you say that we need structural change are you implying that australia needs to bring its manusfacturing base back to australia?
fairy dust, page-10
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