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Increasing Australia's edge through Asian value chains
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Increasing Australia's edge through Asian value chains

C. Vas
The Conversation, Vol.5 July
The Conversation Media Group
2013
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Abstract

Australia is facing increasingly stiff competition from developed economies all vying for a share of the growth pie in the East and South Asian region, where Australia has integrated its value chain activities. Such external pressure is further compounded by increasing internal competition among the Asian countries, and by an ageing labour force in Australia - which means potentially lesser number of people to do the heavy lifting. We are well placed to compete in this race, but we must act fast. There is a pressing need to develop an Australian workforce that can think differently, innovate and rapidly identify avenues by which the country can move up the value chain. Governments and businesses have a particular role to play by identifying avenues by which Australian small and medium enterprises can be integrated into global value chains...

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