According to the OECD, sustainable economic growth requires a focus on three pillars: productivity and employment; inclusive outcomes and equality of opportunities; and environmental sustainability. Good economic management requires more than just papering over the cracks in Australia’s economic foundations with unsustainable government spending and loose monetary policy. It requires reforms and investments in the drivers of sustainable economic growth.
Productivity fell consistently over the first two terms of the Coalition government. Lifting productivity requires reforms to enhance competition across the economy, and boost investment in research and development. Despite the Coalition government spending billions since the pandemic began to entice businesses to invest more, the results to date have been lacklustre.
The Coalition government has spent billions since the pandemic began to entice businesses to invest more.Credit:Dominic Lorrimer
Human…
