Australia Inc. The Next Step

Article Abstract:

Australia, since opening itself to a new global economy, would benefit by marketing itself to the world as a global company, especially in the information and high technology areas, and as an inexpensive place in which to conduct business. Labor costs in Australia have not increased between 1991 and 1997. A research development manager in Australia costs $123,000, compared with $196,000 in California or $412,000 in France. More than 100 technology companies are based in Sydney. With a multicultural population, Australia is a preferred site for Asian back-office business. Only the capital gains tax may stop business growth.

Economics, Research and Development in the Social Sciences and Humanities, Information technology, High technology, Influence, Capital gains tax, Business economics, Managerial economics

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Debt traps threaten the "new" economy

Article Abstract:

Globalization in the 'new" international economy will not be a uniform process because of the way countries, especially in Asia and in the West, accumulate and handle government and household debt. In Asia, government and business debt is rising and households are saving, and in the West, government debt is declining, but personal debt is rising. In Australia and the United States, household savings rates are near 0%, and almost 50% of economic growth is driven by household debt and borrowing. The fate of Asia and the world economy rests with Japan, which has 17% of world gross domestic product.

Japan, World, Debt & Capital Management, United States, Management, Finance, National debt, Debt, Public debts, Financial management, Households

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Lighting a fire under Australia's future: cleverness is back on the agenda, and in the emerging knowledge economy, innovation and speed are the watchwords

Article Abstract:

Efforts to create a knowledge economy in Australia are discussed. There will be a focus on innovation, a term which is more accessible for the financial community than creativity or cleverness.

Business, Innovations, Cover Story, Economic policy

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