Digital Australia an Economic and Trade Agenda
Meltzer, Joshua P. | May 2018
Abstract
The use of digital technologies is a key driver of productivity gains and it will shape the global economy over the next decades. In fact, Australia’s Commonwealth Scientific and Industrial Research Organization (CSIRO) has identified increased immersion in a digital world—characterized by data-driven new business models, platforms, and e-commerce, enabled by global supply chains—as one of the global megatrends for the next 20 years.
For Australia, this will require using the global internet and data flows as drivers of innovation and productivity to underpin further decades of economic growth, jobs, and rising living standards. For instance, in the US, it is estimated that the internet has improved productivity in the digitally-intensive sectors of the economy by 7.8-10.9 percent.
According to one estimate, taking full advantage of the opportunities presented by the ‘internet of things’, big data analytics, automation and online talent platforms could increase Australia’s gross domestic product (GDP) by an additional A$140 billion-A$250 billion by 2025.
Citation
Meltzer, Joshua P.. 2018. Digital Australia an Economic and Trade Agenda. © Brookings India. http://hdl.handle.net/11540/8354.Keywords
Commerce and Industry
Intra-Industry Trade
Large Scale Industry
Labor
Electronics Industry
Computer Industry
Vocational Education
Technical Education
Quality Education
Technical Education
Primary Education
Educational Systems
Educational Reforms
Industry
Electronics Industry
Commerce and Industry
Development cooperation
Industrialization
Industrial Economics
Industrial Development
Industrial Policy
Technology assessment
Technological institutes
Employment
Information Media
Mass Media
Export Oriented Industries
Electronics
Computers
Telecommunications Industry
Manufacturing Industries
Microprocessors
Electronic Equipment
Communication Industry
Training programs
Vocational training
Training methods
Economic growth
Training courses
Technological institutes
Labor market
Educational aspects
Compulsory education
Economics of education
Educational policy
Industrial Projects
Industrial Products
Industrial Policy
Manufacturing Industries
Industrial Sector
Microelectronics industry
Electronic industries
Digital electronics
Microelectronics
Podcasts
Music videos
Internet videos
Interactive videos
Videos
Video recordings
TV
Mobile communication systems
Sound recordings
Motion pictures
Automation
Educational innovations
Technical institutes
Engineering schools
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