Australia's Productivity Challenge
- A Grattan Report
Links:
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Saul Eslake's Profile
Productivity Growth Program Page
Listen to Saul Eslake discussing this report on the ABC current affairs radio program ‘PM’
Listen to a podcast of the report launch at the Sydney Business Chamber
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Australia’s productivity performance deteriorated over the past decade, with the broadest measure of productivity growth going backwards over the past five years. A broad range of industries have slowed. In the long run this will impair Australian quality of living, and our ability to respond to everything from an ageing population to climate change.
The slowdown in productivity is the consequence of an increase in productivity-stifling regulation and legislation; a loss of appetite for productivity-enhancing change among governments, businesses and voters; the effect of ‘capacity constraints’ as the economy has approached ‘full employment’; and slippage in Australia’s take-up of productivity-enhancing technologies.
Australia needs to re-invigorate economic reform, including improvements to education and training, better governance of infrastructure investment, and a heightened attention to innovation.
Download a Copy of the Report
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