PROGRESS 2050: Toward a prosperous future for all Australians
The results of CEDA and Business Spectator's 2012 Big Issues survey have revealed that ensuring Australia is positioned to take advantage from the rise of Asia and the need for continued productivity improvement are the big issues confronting business, with significant implications for the Government's agenda.
CEDA, Chief Executive, Professor the Hon. Stephen Martin said the survey, completed by more than 3000 people, provided some interesting results, with productivity again a key issue but previously hot issues, such as industrial relations falling off the radar.
"Enhancing productivity, improving Australia's competitiveness and encouraging innovation were ranked as the top three priorities for the Federal Government," he said.
"These factors, along with timely infrastructure delivery were seen as the keys to adjusting to world conditions in 2025."
Surprisingly some of the areas to rate the lowest in helping Australia adjust were the availability of skilled labour, industrial relations reform and the tax regime, all of which have received significant discussion in the media but appear from this survey to not be as big a concern to the business community.
"Very clearly respondents see productivity as critical and the keys to improving productivity are innovation and infrastructure delivery," Professor Martin said.
"In addition, it would also seem that much of the heat has gone out of the climate change debate following the introduction of the carbon tax with climate change dropping well down the list of influences on the Australian economy to 2025 and ranked last as a priority for the Federal Government after the election next year."
Professor Martin said more than 70 per cent of people surveyed agreed that the Asian Century would sustain the Australian economy to 2025 and that the Federal Government's Australia in the Asian Century White Paper was either important or critical to achieving our economic objectives in the Asia Pacific region.
Read media release - Big Issues survey results - Asian Century and productivity top of agenda
Read opinion piece - Critical issues for Australian businesses by CEDA Chief Executive, Professor the Hon. Stephen Martin.
The Asian Century |
![]() |
|
Australia adjusting |
Productivity |
Innovation and R&D |
Government |
Working from home (WFH) and hybrid work arrangements have become a transformative force in Australia’s labour market, with over a third of workers regularly working remotely, sustaining the dramatic rise from pre-COVID levels.
Read more Economy June 11, 2024The Australian Universities Accord aims to have 80 per cent of the working-age population with a Certificate III or above by 2050. While it fits with the intent of increasing the pool of skilled workers, ultimately the target is aspirational, particularly as the focus of the accord is more on reforming the tertiary education system than its expansion. Given the size of the accord’s ambition, a lot more heavy lifting needs to be done now, writes CEDA Senior Economist Tim Kane.
Read more Economy December 19, 2007A list of the Top 100 Big Issues as ranked by CEDA's trustees in 2007.
Read moreMake a donation today to directly support CEDA’s independent research, tackling the big issues for Australia. Click here.
(Donations over $2 are tax deductible)