Yesterday the Organisation for Economic Co-operation and Development (OECD) released its annual Going for Growth report which focuses on global and country-specific structural policy reforms and economic performance for countries within the OECD. Although Australia is performing better than most developed economies, significant reforms can be undertaken to our labour market and tax system to boost productivity and partially safeguard the economy against the economic challenges we face in the aftermath of the mining boom.
OECD tips for growth after the boom
After neglecting infrastructure and effectively wasting a once-in-a-lifetime resource boom, the government needs to play catch up to improve productivity if we wish to continue our 22 years of uninterrupted growth. A new OECD report is a good starting point.
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