Statement from Alex Malley, chief executive of CPA Australia, on today’s Global Competitiveness Report.

Date issued: 4 September 2013

“Today’s Global Competitiveness Report (GCR) reinforces the need for an incoming government to tackle the competitiveness challenges facing the nation in the Asian Century.

“This includes putting in place strategies that will enable us to create stronger links with Asia, reduce transaction costs for business, harness new and emerging opportunities and better leverage key markets for our products and services.

“That Australia continues to slide down the global competitiveness ladder should serve as a wake-up call for urgent and decisive action by an incoming government. It shows that the election campaign’s fixation on costings has been at the expense of a genuine policy debate on substantive and necessary reform issues.

“CPA Australia has put competitiveness firmly on the election agenda. With the campaign drawing to a close, we renew our call for a suite of measures that help stimulate broader-based economic growth and revitalise Australia’s international competitiveness.”

Background:

In May 2013, CPA Australia released landmark research on Australia’s competitiveness, drawing on the insights of 6000 Australian and international business leaders.