Maintaining the luck through Asian value chains

Australia has enjoyed a comfortable spot in Asia's value chain but as the continent becomes the driver of world growth, competition is set to intensify.

Australia is facing increasingly stiff competition from developed economies all vying for a share of the growth pie in the East and South Asian region, where Australia has integrated its value chain activities. Such external pressure is further compounded by increasing internal competition among the Asian countries, and by an ageing labour force in Australia – which means potentially lesser number of people to do the heavy lifting.

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