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OECD Science, Technology and Innovation Outlook 2016

image of OECD Science, Technology and Innovation Outlook 2016

The fully revamped and re-titled OECD Science, Technology and Innovation Outlook is a biennial publication that aims to inform policy makers and analysts on recent and future changes in global science, technology and innovation (STI) patterns and their potential implications on and for national and international STI policies. Based on the most recent data available, the report provides comparative analysis of new policies and instruments being used in OECD countries and a number of major emerging economies (including Brazil, China, India, Indonesia, the Russian Federation and South Africa) to boost the contribution of science and innovation to growth and to global and social challenges. In this edition, detailed country and policy profiles are available on line.

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Australia

Australia’s economy has been one of the world’s most resilient during the global economic crisis. Since 2005, labour productivity has increased faster in Australia than in many other OECD countries while income inequality has declined. However, since the fall in commodity prices in 2014, the country has faced considerable challenges in readjusting policies. Australia’s economy relies relatively heavily on primary and resource-based industries; coal and iron exports accounted for 29% of total exports of goods and services in 2014‑15. Although the economy is supported by strong macroeconomic frameworks and commodity price levels have tended to stabilise in 2016, maintaining growth in incomes and conserving the country’s established position in terms of international competitiveness will require further efforts. In order to address these challenges, the Australian Government developed the National Innovation and Science Agenda (NISA). NISA aims to build a stronger, more productive and diverse economy, with more efficient government and more productive businesses. NISA intends to transform the country into a leading innovator with high wage standards and social welfare safety. NISA’s subprogrammes and initiatives are divided into four key pillars: i) Culture and Capital, ii) Collaboration, iii) Talent and Skills and iv) Government as an Exemplar.

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