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The policy settings for productivity growth in Australia are out of
whack. Fred Hilmer, one of the architects of the reforms that helped set
up Australia's outstanding productivity boom that began in the
mid-1990s, says current microeconomic policy has a critical missing
piece – competition. To reverse the nation's recent productivity slump,
more incentives for competition are needed, along with further
reductions in company and marginal taxes, insists Hilmer, president and
vice-chancellor of the University of New South Wales. But, don't hold
your breath. Rapid economic reform is highly unlikely due to budgetary
constraints and political risk in the post-election environment, he
tells Knowledge@Australian School of Business.
Many of the world’s economies are still struggling to recover from the
global financial crisis. The threat of a crisis Mark II is not out of
the question, though it’s unlikely, says Anne Krueger, a former chief
economist of the World Bank, and first deputy managing director of the...
Published 10/04/12
Australia, with its sound and well-managed financial system, stands to
reap significant benefits from the economic growth in Asia. But a key
question remains: how should Australia position itself in the Asian
century? Reaching a consensus on this is crucial, according to Masahiko
Takeda,...
Published 10/04/12