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Democratic and Politically Stable
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Business in Australia has a high degree of certainty
Australia is a safe destination for investment. The country's political and regulatory environment is stable, open and progressive, providing investors with a high degree of confidence and certainty.
Australia's strength as an investment destination stems, in part, from a political system that has been assessed as being highly effective in responding to economic challenges and policy direction. The adaptability of Australian government policy to changes in the economy has been ranked in the top two countries in the region (Source: IMD World Competitiveness Yearbook 2009). Similarly, the transparency and effectiveness of government are also rated highly (Source: Ibid).
Efficient and transparent legal framework
Australia also has an open, efficient and transparent legal framework. Corruption levels are judged lower than those in the US, the UK, Canada and most regional countries (Source: Ibid).
These results can be attributed to a strong system of checks and balances, and a highly respected judicial and law enforcement system.
Stable political environment
The benefit to companies of a stable political environment can flow right through to the bottom line.
'Australia is one of the most important markets for Ericsson in the Asia-Pacific region. Australia hosts a growing economy; a stable political and business environment; a skilled, well educated and multi-lingual workforce; a strategic time-zone and a competitive cost base. These factors provide a sophisticated market and the right environment enabling Ericsson to drive innovation and technology.'
- Hans Vestberg, Executive Vice President, Chief Financial Officer and Head of Group Function Finance, Ericsson. |
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