The AFR View
Make Australia the place global winners pick to do business
The lesson from The Australian Financial Review Innovation Summit is not to go back to trying to pick winners, but to get on with making Australia the great place to work, hire and invest that winners want to pick to do business in.
The Australian Financial Review Innovation Summit heard yesterday that 2020 was the year that Australia played fast catch-up with the rest of the world as the COVID-19 pandemic accelerated digitally-enabled transformations such as the rapid shift to working remotely from home and the quick roll out of telehealth services. But it was also the year of fast-tracked collaboration as Australia’s medical research, academic and private sector banded together to join the international quest to discover an effective coronavirus vaccine – a local effort that may now have put Australia on track to lead the world in opening up to the rest of the world in 2021.
“The question”, for Australia, said CSL’s chief scientific officer Dr Andrew Nash, “is how rapidly can we open up to the rest of the world again.” AFR
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