The Forum > Article Comments > Diversity and self-reliance vs specialization and trade > Comments
Diversity and self-reliance vs specialization and trade : Comments
By Gilbert Holmes, published 9/11/2010Beware the hidden costs in free trade.
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The usual excuse for not purchasing locally is that local products are inferior in quality and more expensive than imports.
But over time, most things become better in quality and cheaper. I remember having an early model mobile phone. It came with a recharger the size of a shoebox, and weighed about the same as a brick. Now of course someone can easily lose their mobile phone if it drops out of their pocket.
So it is somewhat a hypothetical question, but it would be interesting to see what Australian manufactures could now produce, if given half a chance.