Australia’s economic future can be bright.
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DOES MANUFACTURING HAVE A FUTURE?
A characteristic feature of economic booms is that those caught up in the excitement believe they will go on forever. Australia’s recent mining boom is no exception. Following the pattern of resource-based economies, a commodity price hike increased our terms of trade without any special effort on our part – adding 15 per cent to our national income over a six year period while the rest of the world languished in recession.
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Australia ranks on innovation – but indolence could cost us
This year’s news on Australia’s global innovation ranking could be a lot worse, and probably will be in the future.
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Is there any alternative to developing an innovation-driven economy?
Australia’s long term international competitiveness will depend on its ability to develop an ‘innovation-driven’ economy.
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Manufacturing comes home as energy cost trumps wages gap
Something strange, or perhaps rather unexpected, has occurred over the past few years.
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Toyota needs a new approach to avoid the road to nowhere
The Productivity Commission will today release the preliminary report of its inquiry into Australian automotive manufacturing industries.
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Setting the standard: Australia must choose an electric car charging norm
More electric vehicles (EVs) are hitting Australia’s roads, and more public charging stations are being installed to support them. What is missing, however, is an Australian standard or even a recommendation for charging connectors – the plug that joins the car to the charging station.
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Calls for a gas reservation scheme is protectionism in disguise
Queensland is poised to become a major export hub for liquefied natural gas (LNG). Given the West Australian experience, where LNG is already exported to Asia, this will cause domestic gas prices to rise. According to the DomGas Alliance, a group of Western Australian energy users, “gas prices have risen sharply from $2.50 per gigajoule in Western Australia to $8/GJ”.
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