According to the latest rankings released by the Australian Bureau of Statistics, China is again our number one trading partner. But it raises the question: Do we have too many eggs in the China basket?
Ten years ago, Australia’s ‘old economy’ looked to be an emerging liability. In the next ten years, however, this same ‘old economy’ foundation – expertly equipped to fuel the emerging Asian economies – will likely deliver unparalleled opportunities for transformation and national prosperity. So say Tim Harcourt, Chief Economist at Austrade, and Chris Richardson, Director of Access Economics.
The latest DHL Export Barometer reveals that, far from dropping like flies in the current environment, Australian companies that export are weathering the storm remarkably well. Why? Because of their commitment to education and human capital.
It is easy to feel intimidated at the moment. It takes strength of character to weather the critics and follow your dreams. There are many choices available to cancel out the prevailing business sentiment. For example, looking for a new market overseas to sell into.
Australia is top of the pops when it comes to perception. Look at most of the global brand surveys from Anholt to Future Brand. Australia is well regarded as a place to work and play, to visit and to immigrate to, and Australians are well regarded around the world. And when it comes to business,…
Small is still beautiful…. when it comes to exporting, that is. That’s the word from the Australian Bureau of Statistics (ABS), which estimates that almost 90 percent of Australian exporters are either small or medium sized enterprises (SMEs). This confirms previous research by the Bureau, which showed SMEs to be the ‘engine room’ of the…
The commodities boom, fuelled largely by Chinese demand, is driving Australia’s white hot export economy. But, as Tim Harcourt argues, opportunities abound for knowledge-economy companies seeking to service unprecedented demand at home and abroad. We all know that Australia is benefiting from another resources boom – the latest in a long history of export-orientated,…
Is India really the new China for budding Australian exporters? Darren Baguley examines this complex trading partner and wonders whether establishing a foothold on the sub-continent is as difficult as some entrepreneurs are led to believe. To most Australians, India is synonymous with curry, cricket and outsourcing, but the country is also shaping up…
Do you find the soaring Aussie dollar depressing? Don’t despair. Austrade’s chief economist Tim Harcourt reveals some silver lining for Australian exporters. The Australian dollar is now in the high 80 US cent territory – a level not seen since the 1980s when Bob Hawke was Prime Minister and Warwick Capper was flying…
According to DFAT, approximately one million Australians live overseas. That’s one in 20. With so many of us having a red hot go “over there”, we decided to ask four of our intrepid human exports to reflect on their evolving notions of “home”. Interviews by Paul Ryan and Jodie O’Keeffe. SUZI DAFNIS Pow Wow…
Over $500 million in venture capital was earmarked for China in the first half of 2005 alone. With a shortage of deals and management talent, opportunities abound for both investors and investee companies from abroad. In the third instalment of this four-part series, Paul Waide pulls back the curtain to reveal the complex machinations of China’s vibrant private equity market.
We may no longer refer to the economies of Asia as ‘tigers’, but Singapore (literally ‘Lion City’) is roaring like never before. For Australian companies seduced by the idea of northward expansion, this outward-looking multicultural city-state has emerged as the region’s premier commercial hub and an obvious launch pad to Asia and beyond. By Paul…
As Invest Australia’s Senior Investment Commissioner in the United States, Bob Hunt is responsible for selling Australian investment opportunities to Americans. This influential insider recently visited Australia and, with the recent Free Trade Agreement (FTA) between the two countries, Anthill sought his opinion on the new playing field and what American investors view as the…
In the game of soccer, we sadly accept that for top players, furthering their careers means living overseas. When they come back, we welcome them. So why do we turn our backs on the best and brightest in the technology industry? Every year, new reports emerge that illustrate the drainage of talented Australians to overseas…
The US-Australia Free Trade agreement has got everyone talking. Like it or loathe it, smart companies are reading the fine print. They are doing their homework, exploring new ways to profit and adjusting their plans to suit. In the area of Intellectual Property (IP), systems are similar, but the rules do vary. Differing interpretations of…
The United States is a mecca for wine importers – which is hardly surprising given that it is the world’s third largest consumer of wine products after France and Italy. However, it is also the world’s fourth largest wine producer, bottling 23,300 hectolitres each year, which is 2,100 hectoliters more than it consumes. In such…
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