Be part of the conversation shaping Australia’s future
Older, bigger, slower growing, more diverse. Living standards at risk of going backwards. These were the key takeaways from the latest Federal Intergenerational Report (IGR), writes Dr Liz Allen. The intergenerational bargain or contract, which implicitly suggests that the country handed to each subsequent generation is the same, if not better, than the socioeconomic conditions enjoyed previously, has been eroded. Increasing or maintaining living standards can no longer be guaranteed. Australia’s dumb luck has run out.
Australia’s future competitiveness depends on solving a long-standing problem: how to connect research with the businesses that can turn it into real-world advantage.
Read more Opinion article January 24, 2024In the international study National income and trust, Professor Markus Brueckner looked at the intricate link between a nation’s economic prosperity and the trust harboured by its citizens. The paper found that increases in GDP per capita significantly increased trust. Specifically, estimates showed that a one per cent increase in GDP per capita led to an increase of about one percentage point in the likelihood that a person would become trustful.
Read more Opinion article December 3, 2020CEDA Senior Economist Cassandra Winzar says that Western Australia’s economy has escaped the worst impacts of COVID-19 and the state should now focus on building the economic foundations that will see it thrive into the future.