Pockets of growth can be found in the big and primarily domestic sectors that make up the bulk of our economy. Future waves have the potential to generate substantial pockets of export business.
The interesting question – which we’ll explore in 2014 as we continue this research into a growth strategy for Australia – is: where might these potential pockets lie? Can our construction and engineering giants continue to expand around the world? Can our banks build international franchises? Could we reclaim our place in global manufacturing as technology shifts competitive advantage from low-cost labour to high-impact smarts?
We believe the answers will be yes, if we play our cards right. We also think that success will be supercharged by better aligning these sectors with our export oriented standard bearers like mining, gas, agribusiness and tourism.
These are the areas where other Australian businesses will find strength and differentiation, and fellow Australian's holding doors open for them.
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