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This newspaper page contains 3 articles. Subscribers can read the full text of each article.
Newspaper
Canberra Times
Location
Canberra, Australian Capital Territory, Australia
Date
May 18, 1972
Page
18
The Whig era document discusses foreign investment in Australia and its impact on the economy. It questions government aims, notes differing opinions among policymakers, and ponders whether the paper’s intent aligns with national interests and prudent spending.
The Treasury Economic Paper No. 2 faces sharp scrutiny for its cautious view of foreign capital in Australia. It highlights limited evidence on takeover impacts, questions the shift in attitude over the past years, and notes tensions between domestic aims and external finance. The analysis stresses competitiveness, development policy flaws, and the risk of misaligned macro management amid rising capital inflows.
London reports Britain warned that Australia plans strict controls on foreign investment. The measures target banking mining and labour-intensive sectors, including car manufacture, risking a hit to British companies seeking Australian exposure. The move reflects concerns over Australian industrial independence and may impact ongoing investments.
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