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Articles on Five Pillar Economy

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China should be a source of major opportunities for the Australian services sector, but these elude us. Image sourced from

Australia’s five pillar economy: services

In our final piece on the five pillars of the economy, we look at services. It’s the great economic hope - but opportunities in the burgeoning Asian market elude us.
Manufacturing’s share of Australia’s gross domestic product has fallen from 12.9% in 1979 to 6.2%. Image sourced at

Australia’s ‘five pillar economy’ - manufacturing

There is a future for manufacturing in Australia - but we need to follow some international lessons to build a competitive knowledge-based economy.
As economic growth in China moderates, so will its demand for Australia’s raw materials. AAP Image/Alan Porritt

Australia’s ‘five pillar economy’: mining

The mining boom is over and the industry is employing fewer workers – but the outlook for mining in Australia seems generally good.
Education is a central economic pillar, but of greater importance is its contribution to our society. Flickr/Bb Inthavong

Australia’s ‘five pillar economy’: education

Education is a central pillar of our economy. Not only does the education sector employ nearly 8% of Australian workers, it is our fourth largest export earner.
Agriculture remains a major employer in Australia but the challenges of competition, food security and climate change are on the horizon. AAP image/supplied by Graincorp

Australia’s ‘five strong pillar economy’: agriculture

As the Coalition government prepares its second budget, how is the “five pillar” economy promised by Tony Abbott faring?

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