Looking offshore for domestic growth

Evidence suggests that trade liberalisation has been the main engine of growth for the world economy. This includes increases in real income, increases in income per capita and increases in capital formation. Each country can benefit from an increase in demand for...

Exporting and trade policy

Benefits of exporting There can be no doubt that exporting has numerous benefits and advantages for businesses of all sizes. It expands your business with increased sales and profits and spreads your risks; it reduces dependence on the local market; it uses excess...

Time to be concerned, very concerned

According to the latest Productivity Update, released by the Productivity Commission in 2013-14, labour productivity growth in both the Australian economy and the 12-industry market sector (which accounts for 65 per cent of the economy) was close to the trend of the...