In China, there has been a shift away from traditional textile and clothing to computers and communications. AAP/EPA/SHEPHERD ZHOU CHINA OUT

As India and China transform, Australian manufacturers must follow

As Australia laments the decline of its manufacturing sector, China is actively taking steps to accelerate its move up the value chain. Historically a low-cost operating environment, China was once an…
Emerging economies like India are pushing ahead on innovation measures, while advanced economies see productivity declines. World Bank/Flickr

Demystifying the global productivity puzzle

The Conference Board’s latest productivity measure shows efficiency remains a problem for the global economy - and interestingly that innovation, despite occurring, may not be helping. The business research…
Tony Abbott has promised public sector cuts - but research suggests there are more effective ways to improve productivity. AAP

Why take a stick to public service productivity when a carrot works?

One of Prime Minister Tony Abbott’s most steadfast election promises was the axeing of 12,000 public sector jobs. Indeed, his first act after being sworn in was to sack three senior public service “mandarins…
Australia enjoys a privileged relationship with most economies in the Asian region because of the integrated global value chain. Image sourced from www.shutterstock.com

Increasing Australia’s edge through Asian value chains

Australia is facing increasingly stiff competition from developed economies all vying for a share of the growth pie in the East and South Asian region, where Australia has integrated its value chain activities…
We agree Australia’s productivity has to improve: plotting the trajectory from the macro to the micro will be big future themes of debate in the coming year. AAP

The productivity conundrum: current thinking and future trends

Amid the emerging decline in Australia’s terms of trade and drop in commodity prices, there is general consensus among most commentators that improving Australia’s productivity is critical. Looking back…

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