Category: From the Founder

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Restoring Full Employment

Restoring Full Employment

Unemployment can be soul destroying, especially for those responsible for a complete household’s welfare. In the 20th century, governments finally took responsibility for those without a job. The dole was a term used to cover the work provided by state governments in the 1930s in the form of public works, and it provided some sustenance […]

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National Leadership

National Leadership

Fifteen years into the new century, it is hard to find good leadership in many of the world’s 230 nations. It’s just as scarce among the 34 largely developed economies in the OECD, including Australia. Yes, New Zealand, Switzerland, most of the Scandinavian countries and a handful of others make the cut, but most others […]

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We always need innovation, but what, where and how?

We always need innovation, but what, where and how?

Nations need innovation to grow, improve efficiency, and raise their standard of living and happiness. But innovation is a catch-all term with many facets. We often think of innovation as being research and development (R&D) based, and in goods industries such as manufacturing, mining and agriculture. This is misleading. Most innovation is not necessarily a […]

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Outlook 2016

Outlook 2016

2016 looks likely to be a better year than the one just closed, partly due to the recent FTA with China and the coming Transpacific Partnership agreement. The low Australian dollar will help, as will continuing low interest rates, and hopefully continued rises in consumer and business confidence. The nation needs a number of reforms […]

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What Australia is Worth

What Australia is Worth

Australia’s total resources in mid-2015 were estimated to be worth $13.5 trillion, over eight times our GDP in 2014-15. After allowing for foreign liabilities of $3.0 trillion, our net assets were $10.5 trillion, or around $1.1 million per household. The land, natural resources and built environment dominate this balance sheet as the first chart shows, […]

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Social diversity in our economy

Social diversity in our economy

The economy, industries and businesses of a nation thrive on diversity; without it comes stagnation. We have a very diverse economy with 509 industries, hundreds of thousands of categories of goods and services, and 2.1 million businesses. All this in a nation that is less than 1.5% of world GDP and has little more than […]

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Where the jobs and money are

Where the jobs and money are

Over the past five years through June this year, the nation created eight times more jobs than it lost. So much for the doomsayers who keep telling us we are losing vital jobs, and they are not being replaced. Not so. Indeed, the jobs we are losing tend to have wages lower than the national […]

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Knowing Where We Stand in Our Region

Knowing Where We Stand in Our Region

We need to develop more perspective and vision regarding the world outside our own country – a fast-emerging borderless world. Thanks to many developments over the past half century, we have more exposure to trade, investment, jobs, people movements and especially information. This represents a threat to some and an opportunity to others. Most countries throughout […]

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Profitability Across Our Industries

Profitability Across Our Industries

The profitability of the nation’s industries and companies varies enormously; it always has, and the pecking order changes slowly over time too. We have 509 industry classes in the Australian economy, aggregated into 19 major industry divisions, and housing over 2 million businesses. However, the largest 2,000 companies (plus their subsidiaries) account for nearly half […]

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Happy and Unhappy Countries

Happy and Unhappy Countries

The world is made up of 230 nations, principalities and protectorates, with a global population of 7.3 billion. Some of these nations are happy nearly all of the time, some are miserable most of the time, and some are up and down like a yoyo. Do these differences matter, and do they reflect the underlying […]