Graph 3  Notwithstanding these trends, manufacturing still has an important role to play in the Australian economy. It employs around 950,000 people and accounts for 9 per cent of output. This role is, however, changing. Realistically, Australia cannot hope to be a large-scale producer of relatively standardised, plain-vanilla, manufactured goods for the world market.
Welcome Ladies and gentlemen, dear colleagues, It was 131 years ago to the day that the American pharmacist John Pemberton published an advertisement for a new drug in the Atlanta Journal. He had created it to cure himself of a permanent malaise. During the American War of Secession, morphine was the drug used to numb pain.