The US used foreign investment to develop a new car industry, a lesson Australia hasn't learned
- Written by Timothy Minchin, Professor of North American History, La Trobe University, La Trobe University
In Australia, car makers have come to be seen by many as more of a cost than a benefit, a failing industry that was too reliant on government handouts. But in the United States, many state governments have attracted foreign investment that has provided ongoing economic security.
Now the end of car manufacturing in Australia is fast approaching....