Budget speech, industrial policy

Support of manufacturing

Yesterday I wrote that the Budget 2012 is noteworthy for its focus on the drivers of growth and support of business. It feels like there is a plan and the Minister has promised funding for a manufacturing competitiveness enhancement programme, industrial development incentives, special economic zones and a lot of infrastructure.

Internationally, specifically in the US, there is a significant debate about whether manufacturing matters and deserves special treatment. I’m slowly starting to read up on this to prepare a SA paper. In the meantime I’ll be posting links following the story:

It makes for interesting reading.

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