Once again we have to become more competitive and innovative in Australia. We get ripped off with most purchases, so you can't blame people for looking elsewhere. Why does an SS Commodore cost less in the US than in Australia?
The exchange rate wouldn't be such a problem if we still manufactured stuff in Australia. We sold our manufacturing offshore for short term profit hence increasing exposure to currency fluctuations.
Industry needs to move with the times rather than relying on monetary manipulation otherwise you will end up with a stagnant type Swiss economy where the cost of living consumes just about everything.
Currency difficulties are not unique to Australia. Other countries have created successful industry over long periods of time. How did Japanese industry become dominant with such a strong currency during the 80s and 90s.
