Australian cure for a Dutch disease | Jackson Hewett | Commentary | Business Spectator

Megan Clark, the chief executive of CSIRO, was talking to one of her Chinese research colleagues and she asked him why China was putting so much effort into partnering with Australia, given the opportunities they would have with much larger research nations like the US, Germany and Japan.

Clark says he looked at her with puzzlement, “we’ve done our numbers”, he said “and by 2050 you will be the richest nation per capita country in the world, you can feed yourself, you have abundant energy resources, and you have an educated population which means you will be able to innovate”. Then, Clark says, the Chinese scientist looked at her as if to say “have you not realised this about yourself already?”

It was an ‘aha’ moment for Clark and it should be for all Australians.

via Australian cure for a Dutch disease | Jackson Hewett | Commentary | Business Spectator.

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