internet trust and security, much faster internet access and better investment in research and development. Some are particularly close to concrete issues faced by
result of the EU budget investment in ICT research and innovation Thanks to ICT solutions it is possible to provide everyone, regardless of their location
investments into personalised medicine, all designed to put patients at the centre of healthcare On a practical level, ehealth services,
The proposal foresees to support investment in the provision of cross-border digital services in key areas including eprocurement
2 The investment in research and development of secure, trustworthy and privacy-protecting ICT Defending ICT infrastructures
data they need to optimise their energy-related policy and investment decisions at national, regional and organisational level
investing to improve our ICT capability is now more important than additional investment in clinical facilities
made possible through ICT investment in areas which have a well-proven business case, such as Electronic Transfer of Prescriptions, Clinical Decision Support, Electronic
investment in, and our effective use of ICT. The HSE needs to focus on a structured
some areas to reduce the upfront investment cost to the HSE Investing for a potential 400%return
As an indication of the scale of the investment, in order to bring Ireland to a median
additional investment will enable the implementation of a wide range of patient care and administrative applications delivered via a robust and secure infrastructure.
experience indicates that the breakeven time for the individual investments in such a programme will vary from less than 1 year to 5 years.
Commission study2 indicates a typical lifetime Return on Investment of 400%for advanced Healthcare ICT systems
we maximise the return from the high levels of investment involved, clear focus will be required on the definition and quantification of objectives, programme management and
investment in Healthcare ICT is more important than additional clinical facilities ICT€ s Role in Healthcare Transformation
take place without significant investment in ICT and the co-requisite business process re-engineering. ICT is the key enabler to a successful transformation
challenges include funding the investment, effective process re-engineering, systems implementation, and the HSE€ s capacity to absorb
authorities have achieved large benefits from the investment and utilisation of ICT. They have driven improvement in patient care and satisfaction;
staff and equipment) and leveraged additional benefit from existing ICT investments. A small number of these are described now
As, with government encouragement, the HSE increases its investment in Healthcare ICT, and systems progressively go into operation,
Co-requisite with the investment in new ICT systems will be the task of process transformation within the HSE.
more effective delivery of high calibre services from the overall investment in our health service, the ICT-enabled improvements will enhance the reputation of the service in the
Attract large Healthcare ICT investments to Ireland: Position Ireland with clear demonstrable capability in a strong and vibrant healthcare ICT cluster, helping attract
further inward investment and support the development of the smart economy Achieve a leadership position in Healthcare ICT:
European commission on boosting ehealth investment, Alexander Dobrev, empirica, Germany Tom jones, Tanjent, UK, Veli N. Stroetmann, Karl A. Stroetmann, JÃ rg Artmann, Anne Kersting
which has weighed down on investment, confidence and growth Manasse, 2013 Against this backdrop, however, Italian exports have
vis-Ã-vis non-innovative SMES in terms of sales turnover, employment, and investment Thereafter, it probes the relationship between innovation and growth of SMES by (i
along with investment growth and employment growth on gross value-added growth by means of multiple regression analysis. The paper brings out substantial evidence to
growth of sales turnover, investment, and employment? In other words, does innovation contribute to SME performance directly?
firms would be able to achieve growth in their sales turnover, investment and employment resulting in the growth of firm size.
•To ascertain the growth rates of sales turnover, investment, and employment of innovative SMES vis-Ã-vis non-innovative SMES
sales, and data on economic variables such as employment, investment, sales turnover etc. The validity and reliability of the questionnaire was ensured and based on the
investment and employment for innovative and non-innovative SMES is appropriate 5 Innovative and non-innovative SMES:
growth of sales, investment, and employment The growth performance of SMES has been analysed in terms of sales turnover
investment, and employment. The growth performance has been analysed for all the SMES of each sector†for innovative and non-innovative SMES separately and within the
current value of investment (in plant and machinery) from the SMES of auto, electronics and machine tool sectors for a period of five years from 2001/2 to 2005/6.
But the values of investment in different years represent their current values for the respective years and therefore they are comparable between years.
Table 7 presents the figures for the growth of sales, investment, and employment for innovative and non-innovative SMES.
higher rate of growth compared to non-innovative SMES in terms of sales, investment and employment in all the three sectors.
and non-innovative SMES registered a higher growth of investment followed by sales and then employment.
the electronics and machine tool sectors, sales growth was higher than that of investment and investment growth was higher than that of employment for both innovative and non
-innovative SMES. In the electronics sector, non-innovative SMES registered negative growth in terms of investment and employment.
Overall, the growth analyses for the three sectors clearly indicate that innovative SMES are better off relative to non
and grow in size of investment and labour would depend more on how far they have been
of 0 for all SMES which had investment in plant and machinery up to Rs. 1 million and 1
for the rest (since the investment limit for an enterprise to be considered small was Rs. 1
not only sales turnover but also employment and investment in all the three sectors. There was a statistically significant positive correlation between innovation sales and sales
along with investment growth and employment growth, had a positive influence on GVA growth, in all the three sectors.
Investment 25.66 12.91 15.53-1. 81 22.17 8. 75 Employment 14.43-14.63 7. 06-20.34 6. 87 3. 27
Investment 28.60 19.98 16.07 9. 49 20.17 24.39 Employment 13.95 16.79 7. 04 4. 05 3. 55 11.3
Investment Drivers Dimensions Achievements Outcomes
www. oecd. org/publishingwith the financial assistance of the European union -HSTCQE=U Y UZ: isbn 978-92-64-08460-581 2010 07 1 P
a decade of efforts provide a picture of significant public investments, resulting in both notable successes and some highly publicised costly delays and failures.
Box 1. 3. Benefits of investments in picture archiving and communication systems...36 Box 1. 4. Report on the costs and benefits of health information technologies
public investment...113 8 †TABLE OF CONTENTS IMPROVING HEALTH SECTOR EFFICIENCY: THE ROLE OF INFORMATION AND COMMUNICATION TECHNOLOGIES  OECD 2010
ROI Return on investment USD US dollars VCUR Vendor conformance usability requirements EXECUTIVE SUMMARY †11
significant public investments, notable successes and some highly publicised costly delays and failures. This is accompanied by a failure to
or support them in making investments in ICT systems, limited resources can deter from pursuing these
stakeholders, investments which are cost-effective from the point of view of the system as a whole are not automatically going to be
there is a clearly identifiable capital or fixed assets investment. In the Balearic islands (Spain), local government subsidies were used, for
In other words, once the initial investment has been made, what steps need to be taken to ensure that the ongoing costs of
sustainability but central to shared reaping of benefits from the investments made. The financial incentive packages in these countries are designed to
The challenges described above place health ICT investments in a space that is quite different from other capital investments in the health sector, for
example a hospital building or medical equipment. But health ICT projects are still often evaluated using traditional appraisal techniques, limiting evaluation
despite more than a decade of promotion and significant public investment There are large variations particularly in the adoption and use of
considers how investments in health ICTS can generate â€oevalue†for health systems. Drawing from case studies, Chapter 1 illustrates the types of
business case for further investment and identify outcome drivers The term â€oevalue†in this report implies a broader view of how ICTS can
investment analyses (ROI In the health sector there is often no measure of performance analogous to profits for private sector firms.
its investments in ICTS might consider only financial return on investment health care is a sector that places an unusual emphasis on nonfinancial
Canada, a relatively modest investment in IT has led to a major rapid change in diabetes care, yielding significant payoffs
Box 1. 3. Benefits of investments in picture archiving and communication systems PACS is a computer system that replaces conventional x-ray film,
measuring the benefits of investments in PACS. A PACS Opinion Survey was devised to record end users†opinions about the impact of PACS on such areas as provider efficiency
ICT investments and benefit realisation (Devaraj and Kohli, 2000. Recent studies, for example, suggest that the financial benefits are realised not until
investment strategies are most likely to achieve savings Box 1. 4. Report on the costs and benefits of health information technologies
investments in ICTS, increasing numbers of health care organisations are reaping â€oenon-financialâ€, intangible gains from these technologies.
investments in ICT systems, limited resources can deter from pursuing these systems. In particular since the costs associated with adopting
investments which are cost-effective from the point of view of the system as a whole are not automatically going to be undertaken
One significant barrier to investment in ICTS is recognised the widely fact that any resulting cost savings may not always accrue to the
and considerable investment is required both initially and on an ongoing basis. For many small to mid-size
investment, and the potential collateral benefits, which, in most circumstances, are unlikely to carry any substantial weight
Even with such an investment, differences in the underlying architecture of EHR systems, and the way that the systems are configured and
requiring additional effort and/or investment in research, development, testing, and evaluation In The netherlands, a great deal of up-front effort and co-ordination went identifying of the
physicians†returns on investment. Indirect incentives on the other hand work by setting or changing the overall framework, for instance by
interventions are needed to defray upfront investment costs and initial productivity losses Subsidies are very flexible,
clearly identifiable capital investment. Second, sometimes it can be difficult to judge the appropriate level of a subsidy.
investment in ICT and health information exchange. In Canada, the B c. Government adopted a mix of strategies in association with direct cash
Physicians and medical office assistants (MOAS) are compensated for their investment in making changes in their practices.
return on investment (whether financial or otherwise), to gain ongoing financial, institutional and political support for their efforts.
It would seem that the return on investment from implementation of ICTS should be relatively straightforward to assess, yet, the evidence today
only many years after the investment was made or until a level of functionality is reached that allows the systems to truly serve the needs of clinicians and system planners.
health care ICT investment. The same study, however, concludes that the financial breakeven point will strictly depend on the levels of investment.
Above a certain level of ICT investment †or tipping point †the cost impacts levels off
and is associated with cost reductions. The levelling off occurs despite the added costs of more ICT capital;
countries and contexts, identified a 2: 1 return on e-health investment when benefits were
and investment expectations No immediate ROI and high upfront costs Pharmacies Enhance efficiency and accuracy of drug
The result is that after more than a decade of large investments in health ICTS, OECD governments are still unable to provide reliable evaluations of
the financial and social returns on their investments This chapter reports main findings of an analysis of the challenges
ICTS and realise the benefits intended from investment in these technologies? On the surface, the answer appears simple.
provide a picture of significant public investment (Box 5. 1), some notable successes and highly publicised costly failures.
of significant public investment Health ICT investments costs are difficult to determine. Costs are provided usually
as rough estimates only and it is often difficult to separate health ICT costs within
investment per capita varying from USD 5 to 13 In a strategic planning document, Canada Health Infoway in 2006 reported a rough
assessment of total investment costs per capita to establish a fully functional EHR system that ranged from an estimated CAD 133 in Canada as of 2009 to CAD 570 per
investment in the United kingdom. Although similar to the per capita being spent by Kaiser permanente, it stands out from other countries.
therefore, inevitably underestimate the true public investment. Other countries may well be investing comparable amounts per capita
Current investment per capita (USD) 10 6. 83 13.80 5. 47 Table 5. 2. Total budget allocated by national government in two OECD countries
Total investment per capita (USD 54.34 340.27 Note: The budget allocation amounts shown for Canada in both Tables 5. 1 and 5. 2 do not
•What investments are necessary and what costs will be incurred by physicians •What are expected the benefits
â€oegapsâ€, technical and information needs requiring additional effort and/or investment in research, development, testing, and evaluation
a decade of efforts provide a picture of significant public investments, resulting in both notable successes and some highly publicised costly delays and failures.
and investment barriers across Europe and to support the business driven management and utilisation of intellectual property rights in
investments. To improve performance of seed and early-stage investment industry, we need to simultaneously address
†Investment readiness in potential innovative and growth SMES. This is an area where government initiatives are needed since
Europe does not have the capital structure of the US where private money is much larger
entrepreneurial and early stage investment experience and needs its own policy measures †Stimulate and create conditions for larger
on follow-up investments, not on entry investment. This requires a solid capital foundation to work from and such funds
must be able to commit themselves to companies with a high growth potential •Improved access to growth capital.
investment but also loans, guarantees etc adapted to companies having predominantly intangible assets •Demand driven support measures to stimulate
previous economic reforms and the mining investment boom However, multifactor productivity has stalled for a decade
need to find new sources of growth as the resources investment boom fades Without change, Australia risks being competed out in the world market,
investment and hard work is important to foster innovation in Australia Likewise, much will be required of our workforce,
and set in train significant new investment in public infrastructure. We recognise that much more needs to be done.
G20 Leaders†Forum and will focus on reforms in investment and infrastructure, trade competition, employment and participation.
the Government is increasing public investment and encouraging greater private investment in infrastructure, and improving infrastructure project
selection, funding, financing, delivery and use 4 Industry policy The Government is refocusing industry policy to drive innovation and
billion per year investment in research to get a better commercial return 1 The Government will make it easier and cheaper to do business by
Australian governments rely on tax revenue to fund the public investment and services on which society and the economy depend,
and investment to improve access to high-quality, low-cost goods and services. This will benefit consumers and enhance the competitiveness of businesses that rely on these goods
•Endorsed, with State and Territory Trade and Investment Ministers, five priority areas where governments will collaborate to attract
and facilitate foreign investment in Australia agribusiness and food; major infrastructure; tourism infrastructure; resources and energy
•Appointed investment specialists to Austrade to facilitate foreign direct investment projects to support these foreign investment priorities
Actions to come •the Government will continue to work towards concluding a free trade agreement with
China that boosts trade and investment and builds upon our strong and rapidly growing economic relationship
encourages investment and supports jobs growth. The Government aims to create a world†s best practice higher
involving Austrade in the process of determining eligible complying investments; aligning qualifying investments with Australia†s five investment priorities (outlined in Ambition 1
and introducing a premium stream for people investing more than $15 million Returning the workplace relations system to the sensible centre
committed to increasing public investment and encouraging greater private investment in infrastructure, and improving infrastructure project selection, funding, financing and delivery
Greater public and private investment in economic infrastructure Actions already taken •Increased total Commonwealth investment in transport infrastructure to $50 billion
through to 2019-20 •Provided, as part of this investment, $11. 6 billion to establish an Infrastructure Growth
Package, which should reduce congestion and improve market access for goods and labour This includes â€'$5 billion over five years toward the Asset Recycling Initiative, which provides
to $40 billion of new infrastructure investments â€'$2. 9 billion for the Western Sydney Infrastructure Plan,
â€'measures to expedite infrastructure investments, including work on major projects such as Melbourne†s East West Link Western Section (stage 2), Adelaide†s North
•appointed a Senior Investment Specialist to Austrade to facilitate foreign investment in Australian infrastructure
•Established a ministerial working group to identify priorities for fast-tracking investment in water infrastructure
Australia to inform future infrastructure investment •The Government will work with the States and Territories to progress reforms in response
â€'delivering a †Team Australia†approach to support trade and investment through leadership of trade missions by the Prime minister and senior Cabinet ministers to
Government†s $9. 2 billion per year investment in research to get a better commercial return, including by
trade agreements and unilaterally reduce trade and investment barriers. Effective tariffs in OECD economies have halved in the past 30 years,
Barriers to foreign investment and skilled labour have also been reduced, allowing these to move to where the commercial returns
five of national income (Chart 4). Foreign investment in Australia has increased fivefold over the past 25 years,
and there has also been strong growth in Australian investment overseas (Chart 5 Access to international capital, skilled
the resources investment boom, like the US$18. 5 billion Gladstone Liquefied Natural gas (LNG) project in Queensland
investment and skilled migrants have not only helped to physically build our economy, they have brought also new
around 120 per cent, resources investment surged from $18 billion to $113 billion the resources sector workforce trebled to
Foreign investment in Australia Australian investment overseas Chart 5: overseas investment Note: Deflated by Consumer price index
Data Sources: ABS, 2014d; ABS, 2014e -10 -5 0 5 10 15 20 25 30
35 -10 -5 0 5 10 15 20 25 30 35 -3-2-1 0 1 2 3-3-2-1 0 1 2 3
With the resources investment boom now fading, Australia will need to look to new sources of growth and jobs in coming years
require greater investment in infrastructure and so demand will increase for our resources. As the depth of
efficiently manages risk and channels savings to the highest return investments •Stable, broadly based and efficient taxes that raise revenue while minimising market
•Open trade and investment policies that provide access to international markets expose domestic businesses to international competition and spread new technologies
improving competition, making investments in infrastructure and skilled workforces, and giving research a greater commercial focus.
and more long-term investment. To this end, the Government is pursuing world†s best practice
•to support open trade and investment, the Government recently concluded negotiations of trade agreements with both Japan and South korea †it is estimated the Korea Australia
will focus on reforms in investment and infrastructure, trade, competition, employment and participation. As G20 president, we will show leadership in presenting a new wave of economic
conducive to business investment and growth, it is businesses †not politicians or bureaucrats †that are placed best to assess commercial prospects
industries†competitiveness and driving greater innovation and investment across the nation It brings together and builds on the Government†s dedicated reform streams in taxation
areas such as enabling trade and investment, fostering innovation and entrepreneurship facilitating the development of skills and capabilities in our people and businesses, reducing
offer the highest returns on investment. In a market economy, which sectors prosper, and the extent to which they grow,
lead to swifter decisions and improve Australia†s investment climate, while maintaining high environmental standards.
Australian governments rely on tax revenue to fund the public investment and services our economy and society depend on,
entrepreneurship, investment and growth. The Carbon Tax and the Minerals Resource Rent Tax have been repealed. The Carbon Tax imposed additional tax and compliance costs on around
will encourage investment, and should boost real wage growth and employment The Government is committed to a simpler and more sustainable tax system.
earners to pay down public debt and the indexation of fuel excise to fund critical investment in
and investment, lifting our competitiveness and living standards (Productivity Commission 2005). ) Australia has lowered our average tariff
Australian businesses also depend on foreign investment, so the Government is making it easier for significant investment to proceed.
Our average investment rate of 28 per cent of GDP over the 10 years to 2012 is considerably higher than the average investment in the G20 of 25 per cent and
the 21 per cent average of the OECD (World bank, 2014a. Australia†s free trade agreements have
included provisions to improve access to foreign capital. In addition, the Government will help significant investment to proceed
and contribute to growth, employment and transfer of new skills and technologies. To ensure that Australia is open for business,
Senior Investment Specialists to Austrade from the private sector. These specialists will facilitate foreign direct investment projects in areas of strength including agribusiness and food;
major infrastructure; tourism infrastructure; resources and energy; and advanced manufacturing trade advantages from our †clean and green†reputation
These align with the five national investment priorities for investment attraction that have been agreed by all States and Territories and the Commonwealth in
Removing barriers to professional services investment Australia has an open and competitive professional services sector, particularly in the
both through increased foreign investment in Australia and opportunities for Australian businesses through better linkages to overseas markets.
remaining barriers which discourage investment and limit the continued expansion of Australia†s professional services sector
increase foreign investment Increasing domestic competition to reduce costs and improve goods and services Australian businesses rely on a range of domestically produced goods and services.
The Government considers that Australia is not fully realising the investment and export potential of our rich energy resources due to burdensome regulations and restrictions at all levels of
•attracting investment and creating a stable investment environment •putting downward pressure on electricity price rises, increasing competition and consumer
choice, and driving regulatory and market reform to constrain future price rises; and •reducing unnecessary regulation while protecting consumers and the environment
In the case of electricity prices, this reflects heavy investment in utilities infrastructure and also costly environmental policies (Department of Industry
regulatory settings that do not lead to over-investment in infrastructure and increase transparency in the gas market to improve certainty for businesses.
Mint, and the registry services of the Australian Securities and Investment Commission. The Government†s Asset Recycling Initiative will provide incentive payments to the States to privatise
products for the investment, superannuation pensions, life insurance and private wealth industries. Bravura employs more than 750 people
innovation, encourages investment and supports jobs growth and higher wages, reflected in Table 2 International labour organization
The paper argues that investment in STEM is a key contributor to boosting productivity creating more and better jobs,
The effectiveness of greater investment in STEM will depend on appropriate adaptation to the Australian context.
Expanding the investment visa programme The Government will also expand and improve the significant investment visa programme
At present, Significant Investor visas (SIV), which can provide a pathway to permanent residency, are available for applicants having an eligible investment in Australia of
A$5 million for a minimum of four years. An internal review in 2014 by the Department
and better direct additional foreign investment while maintaining safeguards to ensure the migration programme is misused not.
•align the criteria for eligible (or †complyingâ€) investments with the Government†s national investment priorities.
The investment eligibility criteria will be determined by Austrade in consultation with key economic and industry portfolios
TPO00007 An action plan for a stronger Australia Industry Innovation and C om petitiveness A
Investments Commission. The Registered Organisations Commission will have the power to commence legal proceedings and refer possible offences to prosecutors and law enforcement
•increasing public investment in economic infrastructure •improving infrastructure project selection, funding, financing and delivery;
•encouraging greater private sector investment in infrastructure Economic infrastructure for the 21st century Economic infrastructure †roads, rail, ports, airports, energy, water and communications
While investment in better economic infrastructure is needed to support Australia†s competitiveness, it is crucial to have strong institutional and governance arrangements in place
There has been significant investment in public infrastructure in recent years, but the investments have not always been the right ones (ABS, 2014g;
Productivity Commission, 2014d. There is also scope for increased private sector involvement and investment in public infrastructure, particularly in transport.
The Government is making public and private investment in the right infrastructure a priority Box B5:
Increasing demands on Australia†s infrastructure Increasing congestion is costing an estimated $15 billion per year (Department of
trade, highlighting the importance of sustainable investments in broadband technology and regulatory regimes that ensure the benefits of low cost distribution via the internet
Increasing public investment in economic infrastructure As announced in the 2014-15 Budget, the Government is delivering an $11. 6 billion
package will take the Commonwealth†s total investment in transport infrastructure to $50 billion, bringing forward significant economic infrastructure projects
investment. The Government will provide incentive payments to States and Territories that privatise State-owned assets where the proceeds are reinvested in new productivity enhancing
investment in quality infrastructure assets around Australia The package will bring forward investment in key roads
and boost funding for existing infrastructure programmes, including •East West Link (stage 2) in Melbourne
investments and upgrades to the national rail network where appropriate. The Government is TPO00007 An action plan for a stronger Australia
The Infrastructure Investment Programme will boost the Commonwealth†s total investment in transport infrastructure to $50 billion through to
2019-20. This is expected to leverage a further $75 billion of investment from the States and
Territories and the private sector. Taken together this means in excess of $125 billion of additional
infrastructure investment, adding an estimated 1 percentage point to GDP once construction is completed The Government also recognises that
has been established to identify priorities for fast-tracking investment in water infrastructure It has considered a variety of options
This will enable better investment planning and allow governments to put in place appropriate policy and regulatory processes to support that growth,
In addition to ensuring the right investments in new infrastructure, it is important that the best use be made of existing infrastructure assets.
Encouraging greater private sector investment in economic infrastructure The Government is seeking to increase private sector investment in economic infrastructure
This includes attracting foreign construction companies and pension funds to invest in the development of Australian infrastructure as part of the Government†s foreign investment
priorities In recent decades, the private sector†s role in delivering major economic infrastructure has
which has reduced the commercial viability of private sector investment However, government budgetary constraints mean that the traditional model of funding and
Attracting greater private sector investment in appropriate circumstances will drive efficiencies in building and operating infrastructure and
To leverage private investment, the Government is prepared to use alternative financing arrangements to complement traditional grant funding.
the provision of concessional loans, guarantees, equity investments, phased grants and other targeted payments. These mechanisms will be considered on a case-by-case basis. An example
In addition, we have appointed to Austrade a Senior Investment Specialist with expertise in public-private partnerships to facilitate investment by foreign construction
companies, financiers and sovereign wealth funds into Australian infrastructure. One of five to be appointed in Austrade,
this Senior Investment Specialist will work closely with States and Territories as well as Commonwealth government agencies responsible for infrastructure
This investment will ensure Australia can continue to advance world leading medical research projects and attract
productive foreign direct investment. The Government is taking a Team Australia approach to support trade and investment through leadership of trade missions by the Prime minister
Innovative technologies help tasmania†s AQ1 systems compete in the world Specialising in optical and acoustic sensing
or overseas investments where their bank is unable to provide all the support they need In addition, the Government has established the $50 million Manufacturing Transition Programme
sector investment in high value non-automotive manufacturing sectors in Victoria and South Australia; and support investment in non-manufacturing opportunities in affected regions
TPO00007 An action plan for a stronger Australia Industry Innovation and C om petitiveness A
investment and bring new ideas to market This will address the lack of early stage
The Government†s investment will be no more than 50 per cent and up to $1 million in project funding.
Success of the Centres will be measured by increased investment, employment, productivity and sales, reductions in red tape, improved industry-research links and more businesses
approach to investment in science and research, areas of national strength and future need, and opportunities to improve the impact, focus,
and quality of Australia†s investment It will also focus on improving collaboration and commercialisation of Australia†s high
The Australian Securities and Investment Commission will also be consulted, given its oversight of disclosure documents involving the offer of financial
and more long-term investment. Standing still on economic reform is not a viable option Improving Australia†s competitiveness is essential
as the population ages and the mining investment boom fades. Australia needs to address the
the building blocks needed for our future prosperity by prioritising investment over immediate consumption. The Government is deregulating the higher education sector, and funding major
To support open trade and investment, the Government has successfully concluded trade agreement negotiations with both Japan and South korea and will continue to
investment The Department of Foreign Affairs and Trade will engage with relevant State and Territory
Expanding the investment visa programme The Minister for Trade and Investment and Assistant Minister for Immigration will
consult stakeholders on the implementation of the visa enhancements Late 2014 TPO00007 An action plan for a stronger Australia
Balance of payments and International Investment Position, cat. no. 5302.0 Australian Bureau of Statistics. Canberra: Commonwealth of australia ABS. 2014e.
Infrastructure investment macromonitor. Bureau of Infrastructure, Transport and Regional Economics. Canberra: Commonwealth of australia BITRE. (2013c. Infrastructure Yearbook 2013.
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