Building Australia’s Comparative Advantages

This discussion paper, Building Australia’s Comparative Advantages, builds on the work of the BCA’s 2013 Action Plan for Enduring Prosperity.

It seeks to start a conversation about what it will take to build an innovative economy, foster globally competitive industries and identify the types of jobs that can be created in an advanced economy like Australia.

The paper focuses on actions government can take to foster an innovative and dynamic economy.

The Business Council of Australia will facilitate further discussion on what businesses can do to come to terms with a global marketplace. We will also examine in detail the challenges that each sector faces to becoming globally competitive.

Building Australia’s Comparative Advantages draws on a paper prepared for the BCA by McKinsey & Company titled Compete to Prosper: Improving Australia’s Global Competitiveness.