which is directly related to the funding issues of private developers - would be synergistic. The announcement on August 11 that provincial governments will be allocated up to 1 trillion yuan in.
Roy Green | Is the Productivity Commission an institution beyond repair? | The Canberra Times canberratimes.com.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from canberratimes.com.au Daily Mail and Mail on Sunday newspapers.
Australia has managed to avoid a recession for the last 30 years and may well dodge the next one, with a leg up from the current spike in commodity prices. But what matters much more for long-term growth and jobs are productivity and global competitiveness, especially in the industries and technologies of the future. The latest Productivity Commission report reminds us that Australian productivity growth lags both past performance and the performance of comparable countries. What it does not do is explore the related decline in the competitiveness of advanced industries, let alone what to do about it. Readers of InnovationAus.com will by now be familiar with the Harvard Atlas of Economic Complexity, which ranks Australia 91st in the world for the diversity and research intensity of its export mix, just ahead of Namibia. In this article, we share new findings from a US dataset which further illustrate the relentless “hollowing out” of Australia’s industrial structure.
Australia has the opportunity to create a high skill, high productivity economy by moving beyond its traditional reliance on comparative advantage, based on natural endowments.