Spotlight on Australia’s Services Sector

A quarter of a century ago, Australians made a pact to reinvent their economy, from one that was insular and protected to one adept at embracing global opportunity. What began as a brave economic reform journey into largely uncharted waters has paid handsome dividends. Jobs, investment and growth have risen rapidly to levels almost unimaginable in the dark days of the 1970s and 1980s – all the result of fixing on new opportunities and markets afforded by full membership of the world economy. So, why are we now struggling to take advantage of what is and should continue to be the biggest growth area of the global economy – the services sector?