Within an open economy, the parts of industry produce complex products that are most expected to increase are those, which can develop spirited advantages that rest upon innovation and a greatly expert workforce. Industry policy makers in Canberra and State capitals take a good concern in the environment for these industry sectors is the result of this, which produce highly transformed manufactures, intellectual Property and internationally traded services.
In some cases automotive and pharmaceuticals/biotechnology industries special Commonwealth Government frameworks and programs are in place. The main programs for these industries are the Automotive Competitiveness and Investment Scheme (ACIS), the Pharmaceuticals Partnerships Program (P3) and the Biotechnology Innovation Fund (BIF). They all have a strong focus on R&D and innovation. Government regulation in one Form or another is also an important influence on the environment for these industries.
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