Part 8/11:
On a national level, Australia’s sluggish economic growth, hovering around 2%, underscores the need to bolster competitiveness and productivity. Malinowskis stresses that investing in research and development (R&D) is critical. Australia's relatively low R&D investment hampers its ability to move up the value chain and compete on technology and innovation.
He calls for harnessing universities and research institutions as engines of economic advancement, advocating for policies that prioritize technological development, intellectual property, and automation. These efforts could unlock new opportunities for Australian industries, especially in critical minerals and decarbonization technologies.