11 Sep 2017
This week’s readings focus on growth challenges for mid-size businesses, and the impact of technological change in developing Australia’s business services sector.
- Department of Industry finds Australia’s mid-size businesses are more likely to shrink than to grow, and it asks ‘does Australia need a mid-size business growth strategy’?
- ANZ Bluenotes suggests increasing access to export markets is one of two key growth opportunities for mid-size businesses.
- Technological change has helped business services become more important, more specialised and more integrated with other sectors of the Australian economy. There is some evidence that the business services sector is associated with higher productivity growth, and growth in higher skilled jobs. (RBA)
- Greg Earl summarises thoughts shared at The Economist magazine’s annual Asia conference held in Sydney – this year’s event was focussed on innovation.
- Scientists could be Australia’s greatest resource if we’re going to be competitive in an changing world. Dr Larry Marshall on the importance of letting scientists engage with business.
- China’s ongoing effort to tap the potential of megacities will help its economy become more knowledge-based and technology-driven. Project Syndicate touches on the role of urban clusters, such as the Guangdong-Hong Kong- Macau Greater Bay area.
- Alan Oxley publishes two blogs in a three part series on trade in the Lowy Interpreter. Part 1 focuses on global trade, Part 2 on regional trade.
- The Council on Foreign Relations posts a backgrounder on BRICS and the Xiamen Summit calls for BRICS to oppose protectionism and play a larger role in world governance.
- HBR explains how conducting pre-mortem can lead to greater success of a project.