2011 Benchmark Report - Australia: A Wealth of Opportunities
Compare Australia across key investment indicators – Economy, Skilled Labour, Business Environment, Lifestyle
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Introduction
The Australian economy continues to perform solidly, building on 20 years of uninterrupted growth and Australia has ranked the second most resilient economy in the world for two years running. Australia continues to benefit from a significant rise in the terms of trade and a healthy trade surplus.
The outlook for the Australian economy remains buoyant with a substantial pipeline of investment in the natural resources sector and a growing demand for infrastructure investment. As a major energy supplier, Australia is looking also to respond to opportunities to develop renewable energy capabilities and to build on our reputation for innovation in fields such as biotechnology, medical research and information and communications technology.
Australia has a highly educated and highly skilled workforce. It offers strong multilingual capabilities with over a quarter of labour market participants born outside Australia. Australia has also emerged as a major regional centre for tertiary education which helps build strong business and cultural ties. The richness of Australia’s natural and human resources, the openness of the economy, institutional strength and transparency coupled with a safe and enviable lifestyle position Australia as an important gateway to the fastest growing markets in the world.
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