Part 1 The current account and trade performance: the current account and economic policy in the 1980s, Bob Gregory; exchange rate pass-through and import prices, Robert Phillips. Part 2 Productivity and technical change: productivity growth and costs of production, John Whiteman; biased technological change in Australian manufacturing, Robert Dixon and John McCombie; Neoclassical formulations of productivity growth in manufacturing, Barry Hughes, John Burgess and Winston Dunlop; scale, scope and flexibility in Australian manufacturing, Charles Jubb and Stefan Markowski; investment and the capital stock - what do the figures really mean?, Ralph Lattimore. Part 3 Public policies for employment, training and industrial research: small firms and employment generation in Australia - a survey of issues and evidence, John Burgess; industry training policy, Bruce Chapman and Peter Stemp; research and development - hidden investment in Australian industry, Ralph Lattimore; the effective taxation of Australian corporate source income, Robert Jones. Part 4 Globalization and strategic trade policy globalization - some analytical and policy implications, John Whiteman; strategic alliances in the internationalization of Australian industry, Don Scott-Kemmis and Terry Darling; domestic processing, value added and globalization, Peter Lloyd; strategic trade policy and its relevance to Australia, Clive Hamilton.