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Australia's Transition to Innovation Economy
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Overview
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The 'Future Made in Australia Act' endeavors to transition Australia from a resource-export economy to an innovation-driven one, addressing climate change, technological sovereignty, and economic sustainability. Policymakers face the challenge of averting a global subsidy arms race and preventing economic and social disparities in the country.
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How can policymakers balance innovation promotion with avoiding a subsidy arms race?
How might this shift impact Australia's global economic competitiveness and trade relationships?
What specific measures are in place to prevent widening economic and social gaps in Australia?
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