COVID-19 has delivered a wake-up call in regard to Australia’s globalising economic strategy. It has exposed, for all to see, how dependent Australia has become on selling basic minerals and agricultural commodities and how reliant Australian consumers are on imported knowledge intensive goods.
This paper examines the response to these revelations in Victoria. Victoria is the focus at the state level because of its extreme reliance on the import of knowledge intensive goods and its minimal contribution to Australia’s exports of goods, especially in the form of knowledge intensive manufactures. It then asks whether there is any sign of a change in the economic strategies which produced this dependence at the federal and Victorian level.