Australia needs to focus on improving its competitive position if it is to capitalise on the benefits of the Asian Century, the closing session at The University of Western Australia's In the Zone conference heard yesterday.
The approach to sharing culture within the Asian zone must be specific and focused rather than broad and all-encompassing, according to the Artistic Director of the Perth International Arts Festival, Jonathan Holloway.
Significant growth in research and development investment and the transformation of universities over the past two decades have put Australia in a strong position, however the momentum must be continued if Australia is to become a global education hub.
Countries needed to work together to address market-distorting behaviour that had the potential to limit the competitiveness of companies in the services sector, the In the Zone conference at The University of Western Australia was told today.
Building capacity through education to help the emerging Indian Ocean nation of Myanmar achieve its potential in the Asian Century is the key to a scholarship announced jointly today by The University of Western Australia and Woodside Energy.
Getting the balance right between the opportunities present in trade, and a realistic appraisal of the strategic threats that may lie in the future, is the perennial challenge of foreign policy, the In the Zone conference at The University of Western Australia has heard.
Australia's ability to capitalise on the Asian Century will depend on strong cross-cultural leadership that is built on the foundations of trust and relationships, according to the one of the Task Force members of the Australian Government's Asian Century White Paper.
Australia can play a key role in prolonging the growth of Asian economies through the provision of professional, legal, financial and wealth management services as well as capital, according to global finance experts at today's In the Zone conference at The University of Western Australia.
Opportunities for Australia in the Asian century will not be limited to the economic powerhouses of China and India, with strength in the ASEAN (Association of South East Nations) countries increasingly providing growth prospects.
Small-scale resources projects in Western Australia should be able to attract majority or even 100 per cent foreign shareholding without facing bureaucratic challenges, the Premier of Western Australia Colin Barnett said today.