Prime Minister Malcolm Turnbull and Defence Minister Marise Payne today awarded the $50 billion future submarine to French bidder DCNS. Mick Tsikas/AAP

How to make sure Australia’s submarines pay for themselves

Industry and research spillovers could generate a benefit well in advance of the net cost of the submarine project.
Industry, Innovation and Science Minister Christopher Pyne says he will release his ‘inner revolutionary’ to help make Australia’s economy more innovative. Mick Tsikas/AAP

Economic complexity is the answer to Pyne’s innovation problem

Australia’s economic complexity is declining and it’s not a good thing.
Defence Minister Kevin Andrews has stood by the term “competitive evaluation process” despite many questioning what it means. Nikki Short/AAP

Too much at stake for weasel words on submarines

It appeared to be the announcement Australian industry had been waiting for. Finally, political pressure on prime minister Tony Abbott’s leadership had forced a “fair go” for Australian shipbuilding. On…
Defence Minister David Johnston has offshore-produced submarines in his sights. Lukas Coch/AAP

Government in a rush to make the wrong decision on submarines

In the last week, Defence Minister David Johnston has flagged a “capability gap” if the next fleet of submarines is designed and built in Australia. “We are under such time constraints to avoid a capability…
Ian Macfarlane may be making some hasty promises about the jobs created by Australian submarine procurement decisions. AAP/Lukas Coch

Australia’s submarines – the risk of broken promises

Recently, we heard a bold statement from federal Industry Minister, Ian Macfarlane, regarding the procurement of Australia’s new submarines. “I can promise you this,” he said, in an interview with ABC…
The public sector of the future will need to embrace a new way of thinking. Image sourced from www.shutterstock.com

Leaner public service will have to work smarter

In the wake of the proclaimed “budget emergency”, should we get ready for the “innovation emergency”? With fewer resources, Australia’s public sector will not achieve its performance targets by working…
Australia’s loss of economic complexity is leading to a primitive economy in which the nation’s share of the value of its products shrinks and living standards fall. Marija Piliponyte/Shutterstock

For want of industry policy, our living standards are set to fall

Australia faces a fall in living standards unless policy action is taken. This is due to de-industrialisation and loss of economic complexity. The higher the economic complexity, the stronger the economy’s…

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