.... Australia cannot meet the challenges of raising our global competitiveness if we do not lift productivity growth.
The Prime Minister needs to have a read 0f Paul Krugman's classic 1974 article in Foreign Affairs.
competitiveness is a meaningless word when applied to national economies. And the obsession with competitiveness is both wrong and dangerous.
Absolute levels of productivity, rather than levels of productivity relative to our trading partners, are what matters for living standards. The Prime Minister appears to limit his attention to productivity growth in tradeables, but there is no reason to ignore productivity growth in non-tradeables.