More Rudd government talk, but with considerable vagueness about the actual cure:
After 68 successive months of trade deficits, Mr Crean said that to get the trade balance back in the black, Australia needed faster growth in exports of services, and sophisticated manufactured goods, which had flagged in the past decade. "It's about investing more in infrastructure and skills, it's about innovation, and it's about having an integrated trade and industry policy approach."Surely much of this is to do with the globalisation of the manufacture of sophisticated goods, which presumably was not that much of an issue the last time Labor was in power. I can't see it matters how much you skill up the Australian work force in the next 5 years; China is still going to be a cheaper place to make the same stuff, surely.
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