Lessons On Political Will, Inclusiveness and Moving Up the Value Chain -- from Australia

Senator The Hon Kim Carr, Australia's Minister for Innovation, Industry, Science and Research, talks about how Australia is spreading its wings, to diversify from the China growth engine for future growth. He also discusses how the Australian Labour government is dealing with opposition to its moves into higher value-add in the context of its proposals for R&D tax write-offs, and its resources super-tax. He also outlines his government's methods in maintaining the viability of its carmaking industry.