Taking advantage of the rising Asian tide
In releasing the Government’s white paper, Prime Minister Gillard told the Lowy Institute the 21st Century would see Asia’s return to leadership. Asia’s rise was “not only unstoppable, it is gathering pace.” Treasurer Swan said Australia “must continue building on our strengths to take advantage of the opportunities that are unfolding in the Asian region”. Large productivity gains is a major focus of the white paper.
Of the twelve separate categories that make up the rankings in the “Global Competitiveness Report” from the World Economic Forum, “Labour Market Efficiency” remains Australia’s nemesis. If our political leaders are serious about productivity gains and workplace reform, then our poor record in areas like burden of government regulation, wastefulness of government spending, flexibility of wage determination and infrastructure bottlenecks need to be urgently addressed.
Chief Executive Officer of Montgomery Investment Management, David Buckland has over 30 years of industry experience. David is a deeply knowledgeable and highly experienced financial services executive. Prior to joining Montgomery in 2012, David was CEO and Executive Director of Hunter Hall for 11 years, as well as a Director at JP Morgan in Sydney and London for eight years.
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