A free, prosperous society with good governance
Australia’s economic prosperity is built on strong foundations: good governance, open markets and the rule of law.
The World Bank reports that our regulatory systems and governance indicators compare well with other developed economies – ahead of Germany, Japan, the UK and the US. Policy institutes also give Australia high marks for our business environment. This includes labour regulation, equal opportunity legislation and access to credit.
One other factor draws in workers from around the world – our lifestyle. Australia’s state capitals are renowned as some of the world’s most liveable cities. But they are also affordable. On global cost-of-living indices, Sydney, Melbourne and Perth rank far below Hong Kong, Tokyo, Shanghai, Singapore, New York, London, Los Angeles and San Francisco. We attract global talent looking for fresh opportunities. And many of them choose to stay.