In this in-depth overview of Australia’s economy, Michael
Enright and Richard Petty — leading scholars on international
competition–look at the data behind the news reports to offer
a complete view of Australia’s stable and wealthy economy. The book
compares Australia with other similarly sized OECD economies as
well as other Asia-Pacific economies and looks at fifteen
international sources of data on competitiveness. It features a
large-scale survey on Australian companies and offers deep insight
on the country’s future in terms of economics and economic policy.
Revealing an honest assessment of Australia’s true position in the
world, the book looks at how Australian businesses see themselves
and offers policy positions for government and firms to make the
most of Australia’s unique global economic position.
* Backed by CPA Australia, one of the world’s largest accounting
bodies
* Written by two global authorities on economic
competitiveness
* Captures the thinking of more than 6, 000 business leaders both
within and outside of Australia
* Explains how Australia has weathered the global recession and
looks at Australia’s relationship with China
For business leaders and policy makers in need of an in-depth
look at the current and future state of Australia’s economy, this
book offers valuable and comprehensive information.
Spis treści
Foreword vii
Introduction ix
Acknowledgments xiii
About the Authors xv
CHAPTER 1 Australia’s Economic Performance 1
Aggregate Performance 1
Productivity 11
Global Trends 16
Looking Ahead 24
Notes 25
CHAPTER 2 International Assessments of Australia’s
Competitiveness 27
Overall Competitiveness 28
Ease of Doing Business 32
Knowledge and Knowledge Economy 35
Economic Freedom 37
City Competitiveness 40
City Costs 42
Human Development and Quality of Living 42
Corruption and Corporate Governance 43
International Perspectives on Australia’s Competitiveness
46
Areas for Analysis and Action 49
Pushing the Envelope 50
Notes 51
CHAPTER 3 Competitiveness in the Real World 53
A Model of Competitiveness: The Five Level Competitiveness
Framework(TM) 53
Surveying Competitiveness: The Importance-Performance
Competitiveness Analysis(TM) Approach 56
Moving Ahead 84
Notes 84
CHAPTER 4 Drivers of Competitiveness in Australia 87
Firm and Industry Drivers 87
Meso or Cluster-Level Drivers 91
Macro or National-Level Drivers 98
Meta or Supranational-Level Drivers 107
Competitiveness Drivers in Perspective 110
Notes 115
CHAPTER 5 Workforce, Infrastructure, and Natural Resources
117
Workforce 118
Infrastructure 125
Natural Resources 132
Input Issues in Perspective 140
Notes 141
CHAPTER 6 Economic Policy, Regulation, and Tax 147
Economic Policy 148
Regulation 155
Tax and Tax Policy 160
Policy Areas in Perspective 167
Notes 168
CHAPTER 7 The Knowledge Economy, the Asia-Pacific Region, and
the Role of Cities 173
Australia and the Knowledge-Innovation Economy 174
The Rise of the Asia-Pacific Region 183
Competitiveness and Australia’s Cities 198
The Knowledge Economy, Asia, and Cities in Perspective 206
Notes 207
CHAPTER 8 Scenarios for Australia’s Economic and
Business Future 213
Key Trends 213
Trends in Competitiveness 215
Some Specific Scenarios for Australia’s Economic and
Business Future 219
The Scenarios in Perspective 225
Notes 226
CHAPTER 9 Implications for Australia 227
Global Implications 227
Australian Implications 228
Australia and the Drivers of Competitiveness 231
Conclusions 260
Notes 263
Index 265
O autorze
Michael J. Enright, Ph D, MBA, AB (Hons.), is Sun Hung Kai
Properties Professor at the School of Business of the University of
Hong Kong, Director of Asia-Pacific Competitiveness Programmes at
the Hong Kong Institute of Economics and Business Strategy, and
Director of Enright, Scott & Associates Ltd., a strategy
consultancy. He has directed competitiveness studies in more than
twenty countries and has advised numerous governments, major
corporations, and multilateral organisations on six continents. He
was a founder of The Competitiveness Institute, a global
professional body with more than 2, 000 members in over 100
countries.
Richard Petty, Ph D, MCom (Hons.), BCom (Hons.), FCPA (Life),
FAICD, is a Professor and Executive Director International at
the Macquarie Graduate School of Management, Chairman of The
Australian Chamber of Commerce, Hong Kong & Macau, a Past
President and Chairman of CPA Australia, and chairman or director
of several other companies. Professor Petty has more than twenty
years of consulting experience and has advised numerous
governments, major corporations, and multilateral organisations on
doing business in Asia, particularly in China.
CPA Australia has a history that dates back to 1886, and
today represents more than 144, 000 finance, accounting and business
professionals in 127 countries. While nearly 70 per cent of those
reside in Australia, the organisation has been active in Asia since
the early 1950s. It has nine offices and more than 30, 000 members
in the region. CPA Australia is committed to creative engagement
with governments and their agencies, on behalf of its membership
and in the broader public interest, to encourage the economic and
social policies that foster improved productivity and
competitiveness.
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