Driving Forces Learn

Australia

WHAT'S NEXT?: Australia will no longer be known for being as dependant on the export of natural resources over the next half century as in 2012. The need for new infrastructure to meet the strong population and economic growth of Australia will continue to be a priority for the medium term. There's no doubt the aftermath of China's credit boom poses a much bigger economic threat to Australia than Britain's withdrawal from the European Union. The Growth rate for Australia is expected to be stronger, although still below the long-term trend.

[New] As two of the largest coal production countries in the world, Australia and China should increase bilateral exchanges to balance their transition plans as the coal industry declines and - most importantly - support the economic transition for coal communities.
[New] With the Regional Comprehensive Economic Partnership (RCEP), the ten ASEAN countries together with Japan, China, South Korea, Australia and New Zealand will establish the largest free trade area in the world.
[New] International students, soured by being turned away from Australian opportunities, may well find more accessible education facilities elsewhere in the world, such as Canada, the United States and the UK.
[New] Canada's move follows similar efforts in countries including the UK and Australia to strengthen research defences, amid fears that espionage attempts are rising.
[New] Australia and New Zealand provide Working Holiday visas for Canadian and British youths, which are 12 months in Australia (that could be increased to 24 or 36 months), while British and Canadian youths can apply to live and work in New Zealand for up to 23 months.
[New] Australian mines may be a better option in terms of cost, but partnerships will have to demonstrate that opportunities to 'make in America' have been maximised.
[New] Increased demand and supply chain diversification will boost demand for Australian critical minerals in the medium term.
[New] An air quality layer will join Google Maps' existing options - which includes traffic and satellite views - in Australia, India, and the US in the coming months.
[New] While there are certain similarities between Australia and other countries, in the regulatory and business environments that platforms encountered, there are some distinctive local factors worth mentioning that might have shaped Australians' views of platforms and gig work.
[New] The first target area would be critical minerals, with applicants expected to develop supply chain credibility and assist Australia's critical minerals companies in getting more of their goods into foreign markets.
[New] Australian agriculture and food security are exposed to increasing risk from droughts, extreme high temperatures, coastal inundation, floods, invasive species and fires.
[New] Extreme events at 1.1 °C of global warming are placing Australian lives and livelihoods at increasing risk, with concern that 3 °C of global warming would not be sustainable.
[New] Given the threats we face, Australia must revisit its emission reduction commitments and provide the leadership and collaboration required to place the world and Australia on a safer climate trajectory.
[New] Australian agriculture and food security are already exposed to increased risk from drought, heatwaves, fires, floods and invasive species.
[New] We expect some unconventional policies, such as asset purchases in India or bond yield targets in Australia, to be phased out as early as the end of 2021.
[New] Australia launched mass vaccinations for its 25 million people in February, with most expected to receive the University of Oxford/AstraZeneca vaccine, as 50 million doses are being produced domestically by CSL Ltd.
[New] The U.S., India, Japan and Australia recently launched a counteroffensive, planning to donate 1 billion vaccine doses by 2023.
[New] For the United States, having an opportunity to stage operations, base troops or simply project power from land locations in Australia or Japan, for instance, introduces many new dynamic possibilities when it comes to possible military operations.
[New] The elevation of the Minister for Defence Industry to cabinet is indicative of the growing importance of Australia's defence industry and national sovereignty, and will ensure that the defence industry continues to receive national priority.
[New] Having a dedicated space command will bring Australia into line with Canada, India, France and Japan, all of which recently created similar organisations within their armed forces.
[New] China's increasing aggression was a big concern for Australia, as was the vulnerability of global supply chains that had been exposed by the coronavirus pandemic.

Last updated: 09 April 2021

Australia

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