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We’re in danger of falling out of the G20

“We’re in danger of falling out of the G20 in large part because other countries are growing in population and they’re going through that urbanisation cycle,” he said.
“We are on a slippery slope to global irrelevance, if you consider the size of the economy as the ticket to play.
“It just puts pressure on us to have a long-term plan to be productive and to be innovative and to compete on a world scale even though we are smaller.”
He said Australia must move away from dependence on mining and invest more in science and technology.
“We really need to have a long-term plan for innovation and that probably means investing in STEM: science, technology, engineering and maths,” he said.
“We really need to see that as the future jobs for our children.”

By Anita Savage, staff

http://www.abc.net.au/news/2015-02-11/australia-could-fall-out-of-top-20-largest-economies/6084424

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