It's a simple equation - the more efficient you are at producing goods and services the more productive your endeavour will be.
At a national level, productivity growth raises living standards, and provides us all with better health care, education, access to goods and economic stability. The Australian economy has grown continuously since the early 1990s and that period of improving prosperity has seen Australia's per capita income improve compared to other developed economies. However, the sources of economic growth have changed over time and, according to the Productivity Commission, Australia's productivity surge in the 1990s has been steadily slowing.
Australia needs a comprehensive competition policy and targeted strategies to successfully position its expert knowledge and technological innovations within local and international markets if it is too maintain its economic momentum and prepare its economy for the end of the resources boom.
With this in mind, the 2012 Global Access Partners National Economic Review: Australia's Growth Summit will focus on Productivity. To coincide with the Summit we will be exploring the options and opinions surrounding the future of Australia's productivity. What are the factors that influence productivity and what policy options exist for leaders? Which countries and businesses are the benchmarks? How do we manage the national economy in times of global economic uncertainty?
Open Forum will feature general blogs on productivity in the lead up to the Summit. Following the event, which takes place at NSW Parliament house on 13 and 14 September, we will publish keynote addresses, speeches and ideas raised at the summit as a permanent record for those who attended and the wider community.
If you would like to take part in the discussion, please contact Lynne Hughes to discuss your blog ideas.
You can follow the Summit at #GAPSummit on twitter.
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GAP Summit keynote speeches and blogs*: