More investment is required to drive productivity. We won’t get it unless without cutting red tape and making the Australian investment environment more fundamentally business friendly.
Can Australia compete for investment on the global stage? That question will be front of mind for me this week.
In the past two decades, Australia has tumbled from fourth to 19th in the global competitiveness rankings, leading to our stunning position as a net exporter of capital for four years in a row.
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Bran Black is chief executive of the Business Council of Australia
