IDEAS home Printed from https://ideas.repec.org/p/eab/macroe/24839.html
   My bibliography  Save this paper

Australia in the Asian Century

Author

Listed:
  • Ken Henry

    (Crawford School of Public Policy)

Abstract

This paper examines a new economic narrative for Australia to replace the emphasis on 'competitiveness' that sustained the wave of reform in the 1980s and 1990s. The need to ensure that Australians are endowed with the capabilities that will be relevant to success in this Asian century calls for a renewed focus on these, and other, national endowments. The White Paper on Australia in the Asian Century identified a need for new foundational investments, including public investments : in Australian schools, universities and vocational training centres; in developing Asia-capable workplaces and institutions; in developing a much deeper understanding of the history, cultures, languages, geography and governance of our regional neighbours; in devoting more effort to what has become known as ‘track 2 diplomacy’; in building strong people-to-people relationships based on trust and mutual respect; and in encouraging adaptability. International competitiveness in the Asian century will be enhanced by paying attention to all of these endowments, and leveraging them into commercial partnerships, not by pursuing a race to the bottom on wages, taxes, social foundations, environmental standards or animal welfare.

Suggested Citation

  • Ken Henry, 2015. "Australia in the Asian Century," Macroeconomics Working Papers 24839, East Asian Bureau of Economic Research.
  • Handle: RePEc:eab:macroe:24839
    as

    Download full text from publisher

    File URL: http://www.eaber.org/node/24839
    Download Restriction: no

    More about this item

    NEP fields

    This paper has been announced in the following NEP Reports:

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eab:macroe:24839. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Shiro Armstrong). General contact details of provider: http://edirc.repec.org/data/eaberau.html .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.