Our stakeholders include public authorities, universities, research centres, industry, civil society and other organisations. Only with their engagement and mobilisation we can satisfy societal needs using ICT solutions.
The Network is supported by the ehealth Governance Initiative, a group of ehealth stakeholders 7 which develops strategies, priorities,
In terms of economic growth, this means also high potential for the expansion of current markets and the creation of new ones.
's economy the overall market for purchases of goods, services and works by the EU public sector is estimated to be almost 20%of EU GDP (2010 figures).
as well as with the opinions of relevant stakeholders. The platform is customised for Greece, Hungary, Italy and Spain,
It provides a Social networking space Ourspace where young Europeans can express their thoughts on politics society, economy and debate them with politicians and peers across Europe.
Indeed, our economy and society are now highly dependent on Information and Communication Technology (ICT. We have grown accustomed to the benefits brought by the Internet, smartphones,
Trust is the core of social and economic activity in the Internet, and is the basis of economic transactions, social connections,
These results will allow stakeholders to better understand privacy-preserving ABC technologies, and compare the relative merits of different technologies in different scenarios.
and their underlying software-based service platforms, are a prerequisite for the use and uptake of innovative business models and services that benefit the further development and growth of the European economy.
and care for the environment to support future growth How to foster economic growth while respecting the environment and coping with a growing shortage in resources?
the assessment of the potential contribution of smart grids to the decarbonisation of the economy and promoting their interoperability;
Sustainability of the transport sector is a major concern today for different levels of government throughout the developed economies of the world.
and vehicle models differ in their fuel economy, but in general the greater the vehicle miles driven by a countries motor vehicle fleet, the greater the amount of fuel that is used.
The positive participation of all stakeholders is essential and the introduction of financial incentives may be required to ensure such participation.
As part of the move towards a smart economy, the government directs Enterprise Ireland to establish a healthcare technology cluster.
In this way we will establish valuable assets for the new smart economy. ICT's Role in Healthcare Transformation Report of the Health ICT Industry Group Page 6 2. Ireland's Healthcare Challenge 2. 1 Where we stand today Despite much progress over recent decades,
The economic downturn has exacerbated the existing financial crisis across the HSE. We have evolved as one of the most expensive health service in the OECD,
which will meet the requirements of all the stakeholders-patients, professionals and taxpayers. The urgent need to address the ICT deficit
and strategy for healthcare, including elements such as public health education and improvement, engaging all stakeholders in the planning and delivery of healthcare services,
efficiently and effectively meeting the increasing demands of stakeholders in the healthcare environment, patients, professionals and funders.
allowing stakeholders in the patient's health to access this information remotely. Access to this information allows for continuity of care between different care delivery organisations or other organisations, such as social services,
and the second are the indirect benefits to The irish economy through the positioning of healthcare ICT as key component of the development of the‘smart'economy. 6. 1 Direct Benefits‘The Patient
and may also provide a better environment to help tackle community programmes relating to lifestyle and behavioural illness. 6. 2. 2 Indirect Benefit to the Economy In addition to the benefits
indirect benefits can be generated for the economy as a whole. Healthcare is increasingly becoming an internationally traded service
helping attract further inward investment and support the development of the smart economy. Achieve a leadership position in Healthcare ICT:
and also laying the foundations for a new growth engine within the smart economy. In order to prepare for this journey we make the following nine recommendations:
As part of the move towards a smart economy, the government directs Enterprise Ireland to establish a healthcare technology cluster.
In this way we will establish valuable assets for the new smart economy. ICT's Role in Healthcare Transformation Report of the Health ICT Industry Group Page 30 Bibliography ehealth for a Healthier Europe!
, Jun 2009, G. Hurl, Health Service Executive The Economics of IT and Hospital Performance, 2007, Pricewaterhousecoopers ICT's Role in Healthcare Transformation Report of the Health ICT Industry
which continues to evolve in line with a rapidly changing global economy. This paper will offer a comprehensive assessment of Italy's external competitiveness,
outlining how they might perhaps be augmented in the context of an increasingly integrated global economy. The following sections will then focus on the evolution of Italy's export share;
focusing in particular on the role of innovation in shaping the economy's continued trading success. The concluding section will outline some implications for the Italian authorities'structural reform agenda.
Over the past two decades, discussion of the Italian economy has centered increasingly on the key themes of weak growth and competitiveness.
which has produced a stagnant economy and a labor market in which average earnings are largely decoupled from productivity and demand conditions.
Although the economy as a whole may have faced difficulty integrating and exploiting new technologies to boost performance reflecting perhaps a broad range of structural and administrative impediments it may be that Italian exporters have had better success. To this end,
The Conference Board, Total Economy Database 6 0%20%40%60%80%100%1995 2007 2011 Export Shares, by Industry Group Science
) Using a total-economy ULC-based measure, Italy's competitiveness appears to have deteriorated by up to 5 percent
rising wages may reflect the creation of higher-level jobs in an increasingly innovative and technologically competitive economy.
to include an additional term that reflects the role of outsourcing in offsetting the impact of domestic factor-price inflation (Bayoumi, Saito, & Turunen, 2013.
owing in part to role of low-cost imports from low inflation countries. Interestingly, Germany presents the opposite picture.
owing to the fact that Germany imports a large and increasing proportion of its inputs from countries with relatively high inflation.
In a stable world economy, changes in competitiveness might indeed be captured by changes in relative prices.
In an evolving global economy, however, a country's competitiveness may also reflect the ability of its exporting firms to adapt successfully to a changing external environment;
and administrative impediments that have helped stifle growth in the broader Italian economy; and which are now weighing even on this once-dynamic sector.
For more detail, a comprehensive treatment of Italy's main economy-wide bottlenecks is provided in the most recent Article IV Staff Reports for Italy;
. and P. Howitt, 2009, The Economics of Growth,(MIT Press). Bank of Italy, 2009, Reports on Trends in the Italian Productive System, Occasional Paper No. 45 (Bank of Italy:
French Exports in the Turmoil, Journal of International Economics, Elsevier, Vol. 87 (1), pp. 134 46.
Working Paper 2009 2,(Department of the treasury, Italian Ministry of the Economy and of Finance. Crafts, N,
and I. Bunda, 2008, The Changing Role of the Exchange rate in a Globalised Economy, Occasional Paper Series, No 94,(European central bank).
Manasse, P.,2013, The Roots of the Italian Stagnation, CEPR Policy Insight No. 66,(Centre for Economic policy Research.
L25, L26 The World Institute for Development Economics Research (WIDER) was established by the United nations University (UNU) as its first research
and policy analysis on structural changes affecting the developing and transitional economies, provides a forum for the advocacy of policies leading to robust, equitable and environmentally sustainable growth,
and visiting scholars in Helsinki and through networks of collaborating scholars and institutions around the world. www. wider. unu. edu publications@wider. unu. edu UNU World Institute for Development Economics
Tables and figures appear at the end of the paper. 1 1 Introduction Small and medium enterprises (SMES) have been considered one of the‘driving forces'of modern economies due to their multifaceted contributions in terms of technological innovations
because innovation lends competitive edge to firms, industries and ultimately, economies. Therefore, technological innovation has the potential to spur growth of individual enterprises at the micro level and aggregate industries and economies at the macro level.
Given the above, this paper attempts to understand issues such as what factors drive SMES to innovate,
Of course, the relative importance of these internal as well 2 as external factors might vary from firm to firm or from industry to industry or even from economy to economy and from time to time.
The Economics of Industrial Innovation, Third Edition. London: Pinter. Harrison, N. J, . and T. Watson (1998).‘
'Small Business Economics, 9: 523 37. UNDP (2001. Human Development Report 2001. New york: Oxford university Press.
such as corporate governance, the information economy and the challenges of an ageing population. The Organisation provides a setting where governments can compare policy experiences
76 Table 3. 2. Attitudes about payoffs according to main stakeholders...90 Table 3. 3. Attitudes about HIE in the United states according to main stakeholders...
93 Table 4. 1. Measures to address lack of interoperability by country...99 Table 5. 1. Current budget for ICT initiatives in three OECD countries...
In particular since the costs and benefits associated with adopting new technologies are shared not equitably among stakeholders, investments
and required the support of all stakeholders to achieve their goals. Successful adoption and use generally depended on the simultaneous implementation of new service delivery models, organisational partnerships, changes in GP compensation, clear and dedicated leadership.
and the collaboration of the relevant stakeholders to establish standards and develop innovative solutions. Strengthen monitoring and evaluation:
the implementation of ICTS to achieve change in primary care was combined without exception with the realignment of incentives as well as a strong business case intended to motivate the adoption of ICTS by the many diverse stakeholders.
Pan, E. 2004), The Value of Healthcare Information Exchange and Interoperability, Center for Information technology Leadership (HIMSS), Washington, D c. Pricewaterhouse Coopers (2007), The Economics of IT and Hospital Performance.
In particular since the costs associated with adopting new technologies are shared not equitably among stakeholders, investments
which takes into account views from all stakeholders, may be very important as the choice of the standard could virtually eliminate, not merely disadvantage,
open source could provide a possible reference point 1. The term open standard as used here refers to the nature of the standard's development with multi-stakeholder input and broad industry recognition;
availability for use by all interested stakeholders (users, vendors; and the high level of access to its specifications for ready promulgation in a variety of hardware and software.
economic incentives need to affect the cost-benefit structure of the economic activities of the target.
and health information exchange benefits the various stakeholders, they will be placed better to see how fiscal and financial responsibilities could be shared equitably.
and achieving successful adoption with the economics of the approach often playing a secondary role.
Ultimately, however it is the economics and the value to society which will determine whether a system can survive or not.
and revenues and extract value from ICT implementation for each stakeholder will determine their sustainability in the long term.
therefore, an assessment of the viewpoints and respective roles of the main stakeholders but also clarifying
Table 3. 2 lists the viewpoints of main stakeholders on payoffs from ICTS in four of the case studies which are representative of the aforementioned models.
Table 3. 2. Attitudes about payoffs according to main stakeholders Payoffs according to each stakeholder Funding source Business model Case study Users Individual patients Society Payer E
THE ROLE OF INFORMATION AND COMMUNICATION TECHNOLOGIES OECD 2010 health care in Spain clearly makes government a critical stakeholder in electronic health information and a benefactor to its potential positive impacts.
and partnering with other community stakeholders (such as community groups, public health agencies, and others) to improve quality
THE ROLE OF INFORMATION AND COMMUNICATION TECHNOLOGIES OECD 2010 The collaborative model A Health Information Exchange (HIE) is a multi-stakeholder organisation that enables
All stakeholder groups share the challenges and benefits of an HIE network model (see Table 3. 3 below).
THE ROLE OF INFORMATION AND COMMUNICATION TECHNOLOGIES OECD 2010 stakeholders, including physicians, health care institutions and community leaders,
Table 3. 3. Attitudes about HIE in the United states according to main stakeholders Stakeholder Major value Attitudes about HIE Major constraints Patients High-quality, affordable health care Favourable Privacy, confidentiality,
Enhance efficiency and accuracy of drug delivery Favourable Financial, organisational Medical data repositories Accurate patient medical data Very favourable Other stakeholder co-operation Source:
A collaborative approach across multiple stakeholders. www. providersedge. com/ehdocs/ehr articles/States role in health inf o exchanges. pdf E-Health Initiative (ehi)( 2009),
Pricewaterhouse Coopers (2007), The Economics of IT and Hospital Performance. Stroetmann, K. A t. Jones, A. Dobrev and V. N. Stroetmann (2006), E-Health Is Worth It:
The result of months of extensive consultations and collaborations with over 300 stakeholders across Canada
Working with stakeholders to update the Vendor Conformance and Usability Requirements (VCUR) for physician's offices.
These requirements are reviewed regularly to ensure they continue to reflect the needs of all stakeholders.
because stakeholders may have differing views of what can be shared and with whom. The implementation of security requirements is proving particularly challenging (and cumbersome) in the context of EHRS,
the Physician Connect effort has created a value proposition for all key stakeholders. These include: For patients Enhanced health outcomes and quality of life through early and accurate delivery of appropriate medical services.
A close community relationship The health ICT effort was based on extensive stakeholder consultations and took account of the varying needs and objectives of the three communities.
Background and benefits The Massachusetts e-Health Collaborative (MAEHC) was formed in 2004 as an initiative of the physician community to bring together the state‘s major health care stakeholders for the purpose of establishing an EHR system through community-based implementation
Garnering stakeholder buy in Although the technology to build and operate a telehealth programme for stroke patients was available,
stakeholders from the various hospitals and health authorities had to be convinced of the potential benefits of the programme.
Combined with an average annual cost per patient upwards of EUR 30 000 and a population of just over 1 million in the Balearic region the cost of stroke could take a heavy toll on the local economy.
THE ROLE OF INFORMATION AND COMMUNICATION TECHNOLOGIES OECD 2010 Close co-operation between all stakeholders Apoteket's implementation strategy emphasized the partnering with local health regions (County Councils), physicians,
and other local stakeholders. To achieve this, Apoteket formed implementation teams in each county across the country.
The start to finish local implementation approach created the necessary stakeholder relationships, bonds, and buy in that are essential to any technology project.
Low degree of detailed regulations, giving high responsibility to stakeholders, beneficial for the entrepreneurial development of the new technology.
and IT sector stakeholders and also serves as an 152 ANNEX A. COUNTRY CASE STUDIES IMPROVING HEALTH SECTOR EFFICIENCY:
In many cases, measures driving the markets for innovation are, even more important for the growth of the economy than stimulation of the production of innovations.
and other stakeholders since it highlights the different innovation support needs of SMES in a clearer way than
1 Opportunities and challenges in the global economy...2 Australia has succeeded by playing to our strengths and through economic reform...
Australia has experienced 23 years of economic growth. Over the last three decades the value of our exports has risen fourfold.
Exports now represent one dollar in every five of national income. However, our success should not be an excuse for complacency.
Commodity prices have fallen from their peak in 2011; the deterioration of Government finances since 2008 has made Australia a borrower rather than a lender;
Improving Australia's competitiveness is a central part of the Government's Economic Action Strategy to build a strong, prosperous economy and a safe, secure Australia.
This Agenda is an integral step along the path of economic growth and prosperity. I welcome the debate this paper will foster.
Improving Australia's competitiveness is essential in building the stronger economy that we all want.
Opportunities and challenges for the Australian economy The increasing economic strength of Asia and growing integration of the global economy present great opportunities for Australia.
A number of Asian economies are climbing up the value chain, shifting from largely low skilled industries to high skill jobs
Other advanced countries are aggressively reforming their economies. They are reducing barriers to trade in goods and services
Only through similarly ambitious reforms can Australia secure its future as a high wage economy with a strong social welfare safety net in the face of this vastly more competitive world.
resulting in fewer jobs and lower economic growth. If left unaddressed, our declining competitiveness will represent the start of an unacceptable slide into mediocrity.
and equipping our economy for the challenges ahead, to prevent Australia's economy from drifting.
The Government's vision is of a nimble economy, capitalising on Australia's strengths. It includes businesses
and workers equipped with the skills and incentives to adapt to changing economic conditions and able to seize new opportunities.
These types of businesses benefit the broader economy by testing new ideas, developing new products and implementing new business models.
More generally, in an increasingly globalised economy, it will be critical that all businesses have the people
The world's major economies have committed to undertake ambitious reforms with the goal of lifting collective G20 GDP by more than 2 per cent above the current trajectory over five years.
and improving access to international markets and opening up the economy to greater domestic and international competition.
and improving access to international markets and opening up the economy to greater domestic and international competition.
Reducing the regulatory burden Regulation is necessary for a well-functioning economy and society, but too often the first reflex of governments has been to regulate,
and services on which society and the economy depend, but this comes at a cost to individuals, businesses and the economy.
The Government will work to reduce taxes, simplify the tax system and increase certainty. Actions already taken:
improving tax settings for productivity, international competitiveness and economic growth; improving incentives to work, including through the interaction of the tax and transfer systems;
Increasing domestic and international competition The Government will further open our economy to domestic and international competition
Attracting the best and brightest to meet Australia's skill needs Highly skilled migrants contribute to a strong and vibrant economy, bringing know-how, innovation and entrepreneurship and also helping to plug short-term skills gaps.
and Competitiveness Agenda Industry Competitiveness 2 Industry Innovation and Competitiveness Agenda The Case for Reform Australia has enjoyed 23 years of uninterrupted economic growth, in large part due to the economic
Declines in the prices of our exports have wiped around $40 billion from national income per year since the commodity price peak in 2011,
and further reductions are expected (ABS, 2014b). Australia's public finances have deteriorated markedly since the global financial crisis,
the changes taking place in the international economy also present further challenges to our living standards.
Opportunities and challenges in the global economy The economic strength of Asia is changing the world.
Economies like China, India, Indonesia, Vietnam, Malaysia and the Philippines have grown dramatically over the past 30 years
By 2025, China will be the largest economy in the world and the GDP of emerging Asia1 will be around US$51 trillion (Chart 1), 2 approximately five times all the already-developed Asian economies combined (Au-Yeung et al, 2013).
Emerging Asia represented around 9 per cent of the global economy in 1985. By 2025 it will be around 40 per cent (Au-Yeung et al,
2013). 1 Emerging Asia includes: China, India, Indonesia, Malaysia, the Philippines, Thailand and Vietnam. 2 Purchasing power parity in 2011 dollars.
Meanwhile, many Asian economies are becoming major new suppliers of these same goods and services, bringing serious competition to the global stage (Chart 2). To date,
) As Asian economies invest in education, skill up (Chart 3) and move up the value chain,
This growth is taking place against a backdrop of a global economy that is becoming increasingly integrated.
The global economy is also becoming more integrated as governments negotiate free trade agreements and unilaterally reduce trade and investment barriers.
Effective tariffs in OECD economies have halved in the past 30 years, falling from around 4 per cent in 1988 to below 2 per cent today (World bank,
This will require a flexible economy that can absorb declines in some sectors and quickly expand into others as opportunities emerge.
of uninterrupted economic growth we have seldom been outside the top dozen countries globally in per capita GDP (The Conference Board, 2014.
exports are now worth one dollar in every five of national income (Chart 4). Foreign investment in Australia has increased fivefold over the past 25 years,
and goods and services, has been critical to the growth and development of Australia's economy.
) Imports and the inflow of foreign investment and skilled migrants have not only helped to physically build our economy,
our education system was ranked in the global top 15 in 2014 (Economist Intelligence Unit, 2014). We speak the language of business English
Australia's success also stems from our proud history of making the hard decisions to reform our economy.
In the early 1970s, the Australian economy was volatile, insular and inflexible. Today, thanks to the hard won reforms of the decades that followed,
Australia's economy is more stable, open and flexible. Australia floated the dollar, introduced independent monetary policy,
In the decade to 2012-13, non-rural commodity prices rose around 120 per cent,
This expansion created stresses within the economy, particularly in trade-exposed sectors, through its effects on domestic costs and the exchange rate.
Terms of trade booms and inflation Data Sources: ABS, 2014c; RBA, 2014b; RBA, 2014c. TPO00007 Industry Innovation and Competitiveness Agenda Industry Competitiveness 8 Industry Innovation and Competitiveness Agenda of the business services, construction,
so now the resources and resource-related sectors comprise around 18 per cent of total economic activity (Rayner & Bishop, 2013).
Economic reforms of the past allowed the economy to smoothly absorb the resources boom. The combination of a floating exchange rate, flexible capital and product markets and independent monetary policy stopped the economy from overheating.
This contrasts sharply with the last terms of trade boom in the 1970s. Although only around one third of the size, the 1970s boom was associated with a surge in inflation
interest rates and nominal wages (Chart 6). There were other factors at play such as the world oil shock,
but the economy's inflexibility exacerbated an already difficult situation. Many industries have bright prospects With the resources investment boom now fading,
A number of private sector economists have identified industry sub sectors with growth potential. While the growth estimates differ in the details
Services have grown already to be the mainstay of the economy, contributing over 70 per cent of output
Australian services exports also make an important contribution to Australia's economy. Australia exported around $58 billion worth of services in 2013-14,
Some future growth sectors Deloitte (a) Pwc (b) IBIS World (c) Outlook Economics (d) Mckinsey (e) Gas Food & beverage processing Pharmaceuticals, biotech & medical
d) Outlook Economics (2014, unpublished), AUS-M. Distribution services includes wholesale and retail trade, transport,
TPO00007 Industry Innovation and Competitiveness Agenda Industry Competitiveness 10 Industry Innovation and Competitiveness Agenda This highlights the need for a nimble economy
They are at the heart of the creativity that our economy will need in the future. Much will also be required of our workforce,
More generally, in an increasingly changing, globalised economy, it will be critical that all businesses, small and large, have the people
This underpins forecasts for education exports to contribute more than $19 billion to our economy by 2020, particularly through students from China and India (International Education Advisory Council, 2013). 0 20 40 60 80
The growth potential of this‘visitor economy'is strengthened further by increasing domestic tourism as reflected in Chart 8. 8. Financial and professional services Australia's banking,
Reflecting the highly skilled, innovative nature of the Australian economy, professional, scientific and technical industries accounted for more than 7 per cent of value add in 2011-12 (Australian Workforce and Productivity Agency, 2013.
productivity and economic growth (see Box A2). Box A2: Policy settings for competitiveness, productivity and growth Macroeconomic stability through strong public finances, independent monetary policy aimed at low and stable inflation, a floating exchange rate,
and honest institutions. A well-developed financial system founded on sound prudential regulation that efficiently manages risk and channels savings to the highest return investments.
and challenges and are acting to bring their economies into line with international best practice.
Advanced economies are reining-in inefficient government spending reducing corporate tax rates, deregulating and improving competition, making investments in infrastructure and skilled workforces,
Australia has many of the fundamentals required for a productive and competitive economy. The OECD ranks Australia around the average of its member nations on most aspects of government policy and we rate well on dimensions such as macroeconomic and financial sector policies, income and wealth, jobs and earnings,
Stronger market sector jobs growth despite increases in jobs in the resources and related sectors, employment outside the public related sectors of the economy has been weak (Box A3.
Jobs in the‘market'sector of the economy, on which long term economic growth and government revenues depend,
Strategy is about strengthening the economy and delivering benefits to the community, including through less reliance on government, freeing up business and more long-term investment.
the Government recently concluded negotiations of trade agreements with both Japan and South korea it is estimated the Korea Australia Free trade Agreement alone will add $650 million to the Australian economy every year from 2030 (Centre for International
Economics, 2014). To encourage greater quality and lower prices for the goods and services that businesses and consumers depend on,
The world's major economies have committed to undertake ambitious reforms with the goal of lifting collective G20 GDP by more than 2 per cent above the current trajectory over five years.
Agenda Industry Competitiveness 22 Industry Innovation and Competitiveness Agenda The Government's Industry Innovation and Competitiveness Agenda will foster stronger and more enduring economic growth.
or work practices before they spread more broadly through the economy. The competition that this elicits challenges incumbent firms to do better.
Entrepreneurs are important in building a dynamic and innovative economy. However entrepreneurs are less likely to pursue opportunities
The Government intends to scale back intervention in the economy to restore the balance. Lower government spending will allow taxation to be reduced sustainably over time.
contributing strongly to national economic growth and competitiveness. There are over 2 million Australian small businesses (Department of Industry, Innovation, Science, Research and Tertiary education, 2012.
and often pioneer these before they spread more broadly through the economy. This is why small business entrepreneurs are important to future economic growth, improved job prospects and better living standards.
Getting the economic conditions right to encourage small business to grow, innovate and develop will yield wide benefits.
there are clear limits to the scope for sectoral policies to lift an economy's overall competitiveness.
Strengthening management capabilities will enhance the capacity for small businesses to compete in a digitalised, global economy.
and the economy restructures. The Government is committed to fostering an innovative culture among small businesses
and improving access to high-quality, low-cost inputs to business by opening the economy to greater domestic and international competition.
Regulation is necessary for a well-functioning economy and society, but there are costs that should not be ignored.
and risk assessments of some highly regarded regulators in other advanced economies not being recognised in Australia.
including working with stakeholder groups to develop criteria for accepting or adopting trusted standards and assessments.
and services our economy and society depend on, but taxes impose direct and indirect costs on businesses and individuals.
more than 23 cents of value is lost to the economy (KPMG, 2010. Although dividend imputation reduces the burden of company tax in Australia for domestic shareholders,
at 30 per cent our company tax rate is high by international standards (Chart 10). The OECD has suggested that the Australian economy would benefit from a shift toward less mobile
and distorting tax bases (OECD, 2010b). This is because Australia is more reliant on corporate and personal income tax than the OECD average (OECD, 2014e).
and impose additional, often hidden, costs on the economy. Changes to tax law should not be seen as a‘quick-fix'solution
improving tax settings for productivity, international competitiveness and economic growth; improving incentives to work, including through the interaction of the tax and transfer systems;
During consultation with a wide range of stakeholders, options raised included: reforming the superannuation guarantee charge penalty regime to reduce its harshness
The Government is currently analysing options brought forward during consultation with stakeholders to better understand the compliance cost concerns of small business.
low-cost business inputs through greater domestic and international competition Reinvigorating competition across the Australian economy will help bring down costs for businesses and consumers.
and increasing competition across the economy to improve Australia's international competitiveness. Australian businesses use a range of domestic and international inputs.
Australia opened up the economy to international trade and investment, lifting our competitiveness and living standards (Productivity Commission, 2005).
adding around $3, 000 to the annual real income of the average Australian family (Centre for International Economics, 2009).
The National Competition Policy reforms that followed the Hilmer Review in the 1990s had a significant and positive effect on the Australian economy.
given the changes to the Australian economy in recent decades and our increased integration into global markets.
The Financial System Inquiry is examining how the financial system could be positioned to best meet Australia's evolving needs and support economic growth.
Together with construction, the financial services and insurance industry was second only to mining in its contribution to economic growth last year
and the competitiveness of financial services is critical to the broader Australian economy (ABS, 2014b). As G20 president in 2014, Australia is focusing the G20's efforts on delivering key aspects of the G20's financial regulation reforms.
enhancing competitiveness and growing an economy. For example, one estimate is that scientific and technological advances have produced roughly half of all United states economic growth in the last 50 years.
STEM may become an even more essential component of jobs in the future. International research indicates that 75 per cent of the fastest growing occupations now require STEM skills and knowledge.
Also, stakeholders raised concerns in the Review of Higher education Regulation regarding the burden of reporting requirements (Phillipskpa, 2013.
However, concerns have been raised about the VET system's ability to deliver the skills demanded by the Australian economy.
The Government has established a taskforce to work with key stakeholders, including State governments, registered training organisations, industry groups and employers,
innovative work practices, new and emerging opportunities, opening export markets and emerging economies. Larger companies may apply to access the Fund,
and information sharing between key VET stakeholders, and possible reforms focusing on VET in schools and school based apprenticeships.
Attracting the best and brightest to meet Australia's skills needs Skilled migration is critical for a strong and vibrant economy.
The Australian economy continues to adapt and change as the world changes and our workplace relations system must do the same,
but we want to ensure it helps build a more stable, fair and prosperous future for Australia's workforce, businesses and the economy.
Bulk ports are crucial for handling the importation and distribution of petroleum, cement materials and bauxite-based commodities between mining areas, refineries and smelters (BITRE, 2013a.
the Government is delivering an $11. 6 billion Infrastructure Growth Package to support economic growth, give businesses the opportunity to prosper,
and expand the economy's long term productivity. Over the next six years, the package will take the Commonwealth's total investment in transport infrastructure to $50 billion,
The Government also recognises that communications infrastructure is a key enabler for a competitive economy.
With no action, Kingsford Smith airport risked reaching capacity causing Australia to lose out on around 80,000 additional jobs and $34 billion (in 2010 dollars) in economic activity by 2060 (Department of Infrastructure
The 15-year infrastructure plan will provide a blueprint of nationally significant infrastructure required to drive economic growth,
or indirectly by supporting improved productivity and economic growth. Upgrading the skills of all types of workers,
is central to firm performance in knowledge-based economies. The quality of management is particularly important to enable quick adaption to evolving markets and changing circumstances.
innovative work practices, new and emerging opportunities, opening export markets and emerging economies. Larger companies may apply to access the Fund,
Indeed, many of the new jobs generated in OECD economies since the global financial crisis were in small, young businesses (Criscuolo et al, 2014).
and stakeholders have noted that the changes detracted from the goal of commercialising good ideas in Australia.
and keeping Australian companies competitive in an international economy, which includes giving entrepreneurial start-ups the chance to employ the best people.
Companies in the early stages of development may face problems with valuation and liquidity. The Australian Taxation Office will work with industry to develop
and often pioneer these before they spread more broadly through the economy. Enabling small businesses to reach their potential will
The Strategy is about strengthening the economy and delivering benefits to the community, including through less reliance on government, freeing up business and more long-term investment.
if we are to successfully grasp the opportunities presented by the economic strength of Asia and integration of the global economy.
The Government will hold a series of stakeholder roundtables on the Competitiveness Agenda, around the country, over the coming months.
Streamlining certification of medical devices The Minister for Health will oversee stakeholder consultations to support implementation of this reform.
Late 2014 2. Shifting the culture of regulation The Department of the Prime minister and Cabinet has consulted regulators and relevant stakeholders on the Regulator Performance Framework.
Late 2014 early 2015 5. Reducing superannuation compliance burden The Government is currently analysing options brought forward during consultation with a wide range of stakeholders to better understand the compliance cost concerns of small business.
Late 2014 6. Trusted Trader Programme The Australian Customs and Border Protection Service, supported by a dedicated Industry Advisory Group, will conduct stakeholder consultations to co
Late 2014 early 2015 8. Examine coastal shipping regulations The Government is currently analysing options brought forward during consultation with a wide range of stakeholders to better understand the impact of coastal shipping regulations. 2015 TPO00007 Industry Innovation
and innovation in schools The Department of education will consult stakeholders to support implementation of these reforms.
and Training system The Government's VET Reform Taskforce has undertaken significant stakeholder consultation throughout 2014.
The Government will continue stakeholder consultation on proposed reforms to the VET sector. 2014 mid 2015 11.
Liberalising the subclass 457 visa programme The Minister and Assistant Minister for Immigration will consult stakeholders on changes to 457 visas and implementation of the 457 Integrity Review.
and Investment and Assistant Minister for Immigration will consult stakeholders on the implementation of the visa enhancements.
Establishing Industry Growth Centres The Minister for Industry will consult with stakeholders on the implementation of Industry Growth Centres.
Improve taxation arrangements for Employee Share Schemes The Department of the treasury will conduct stakeholder engagement to refine legislation prior to introduction.
Crowd-sourced equity funding framework The Department of the treasury will conduct stakeholder engagement on a potential crowd sourced equity funding regulatory framework.
and Resource Economics and Sciences ABCC Australian Building and Construction Commission ABS Australia Bureau of Statistics AIG Australian Industry Group ASQA Australian Skills Quality
Authority BAS Business activity Statement BCA Business Council Australia BITRE Bureau of Infrastructure, Transport and Regional Economics BREE Bureau of Resources and Energy Economics CAMAC
Australian Bureau of Agricultural and Resource Economics and Sciences. Canberra: Commonwealth of australia. ABS. 2012. Year Book Australia 2012, cat. no. 1301.0.
Bureau of Infrastructure, Transport and Regional Economics. Canberra: Commonwealth of australia. BITRE. 2013a). ) Australia's bulk ports:
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