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- Title
Resilience in Australia's maritime industry.
- Authors
Barrett, T. W.
- Abstract
Australia's economy and national security are heavily dependent on global maritime trade, but the maritime industry is characterised by globalisation, unfavourable trade practices, and the potential for supply-chain disruption. Australia's heavy dependence on foreign-flagged merchant shipping poses strategic risks for Australia, including risks to items essential to resilience in crises. In contrast, major maritime nations - Norway, Britain, America and China - have well-planned and co-ordinated national shipping industries well-supported by government policy. Australia needs a cohesive government-led maritime strategy with aligned regulation and policy coupled with enduring oversight of the industry.
- Subjects
AUSTRALIA; INDUSTRIAL policy; MARITIME shipping; MERCHANT ships; SUPPLY chain disruptions; INTERNATIONAL trade
- Publication
United Service, 2021, Vol 72, Issue 4, p10
- ISSN
1038-1554
- Publication type
Article