A mature economy
Despite having one of the strongest economies among the OECD countries, Australia exhibits typical characteristics of a mature market, including relative lack of growth when compared to Asia.
Australia’s connectedness with Asia – still a promise
Beyond the political and diplomatic rhetoric of its closeness to Asia, Australia is yet to put Asia on the top of its business growth agenda.
Australia has developed world leading expertise and best practices in certain sectors, some of which are likely to exhibit the highest rates of growth in the Asian region, providing multiple opportunities for Australian businesses.
Finding the right partner – A necessity and key to success
If Australia is to benefit from the growth of Asia through investments in the region, it needs to carefully consider the quality of its local partners, show patience, commitment and cultural understanding.