Cyclical industrial dynamics in high-technology industry: The case of Flat Panel Displays

澳大利亚的高科技产业政策非常注重确保澳大利亚公司进入半导体和平板显示器(利用ICT和光电子技术)等行业。到目前为止，成功的程度并不算高。进入的主要障碍之一是行业的周期性--从这个意义上说，东亚的公司似乎只有在经济低迷时才能进入。更深入地了解这类行业的周期性产业动态有望增加澳大利亚公司成功进入的前景，从而有助于实现这一领域的公共政策目标。

Australian high-technology industry policy is strongly focused on securing entry by Australian firms into such industries as semiconductors and flat panel displays (which utilize ICT and photonics technologies). Success to date has been modest. One of the prime barriers to entry is the cyclical character of the industries - in the sense that firms in East Asia appear to have secured entry only during downturns. A deeper understanding of the cyclical industrial dynamics of such industries promises to enhance the prospects for successful entry by Australian firms, and thereby contribute to fulfilling the goals of public policy in this area.