ICT competitiveness of Australia compared to other developed countries, with an average relative ranking of around 7 out of the 16 countries.
While Australia’s digital activity in areas like exports and R&D have increased in dollar terms over recent years, there has also been significant growth in ICT economic activity overseas.
This competitive global environment means that Australia is only standing still compared to our international peers on the performance of our digital economy.
At the same time, Australia is falling behind other countries like the US, UK and Singapore in the supply of ICT skills, both from a current workforce perspective and on STEM performance in schools – a key determinant of future skills supply.
It can be difficult to definitively identify the reasons for being ‘middle of the pack’, rather than being a global leader.
The shift towards more knowledge‑based and services sectors has been a recent trend (RBA, 2017), and Australia could still be playing catch up on the technological capabilities and digital activity required to accelerate growth in these areas.
Source link: https://www.acs.org.au/content/dam/acs/acs-publications/aadp2018.pdf
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