Scientific advances over the past 20 to 30 years have underpinned an estimated $330 billion of Australia’s economic growth, according to a new report by the Australian Academy of Science.
Key points:
• Findings demonstrate importance of science, outgoing chief scientist says
• Biological advances contributing $65 billion to economy annually
• Medical advances valued at more than $83 billion
The research, produced by the Centre for International Economies, found the areas of physical, mathematical and biological sciences contributed to 26 per cent of Australian economic activity.
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