By Graham White
Six best Australian-born, overseas company figures talk about the influence of globalization and know-how on Australian enterprise during this exam of the way forward for enterprise in Australia. The individuals are Rupert Murdoch, president and CEO of reports company; Jacques Nasser, former CEO of Ford Motor corporation all over the world; Geoff Bible, president and CEO of the Philip Morris team; Leigh Clifford, CEO of Rio Tinto PLC; Rod Eddington, CEO of British airlines; and Professor Lord may possibly of Oxford, president of the Royal Society and previous leader clinical consultant to British best Minister Tony Blair. mentioned are Australia's funding competitiveness, executive management, taxation coverage, social attitudes and associations, the Australian paintings ethic, and office family members.
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Extra info for 2020 Vision: How Global Business Leaders See Australia's Future
The authors of papers included in these studies generally had their initial training perhaps twenty years ago, so it reflects the success of past policies more than current ones. Papers published over the past decade do not yet reflect the huge increase in education and science that has occurred in Asian countries like China, Korea, Singapore and Taiwan in recent years. The full fruits of this will not show up for a few years yet. The fact that our scientists are currently ranked in the mainstream of developed nations is thus not a cause for complacency.
Yes, but let me first go back a step further and say something that is less frequently said but which puts one parameter on these discussions. If you go back 100 years, in most countries about 50 per cent of the workforce was on the land — in Britain it was about 35 per cent, because Britain was ahead in that particular revolution. The energy subsidies of daily life were much less and in general it took the efforts of about half the population just to produce the necessities of life. Today you can produce the necessities with what?
Even things like national attitudes to entrepreneurial risk-taking can play a part. For example, some countries achieve more for their expenditure on science than others. Paradoxically, countries with highly focused, centrally directed research programs appear to be less productive than those which allow individual researchers more freedom to follow their own interests. On the whole, universities appear to produce more advances per dollar spent on science than do dedicated research institutes. How do you measure scientific performance?