Does Australia’s economy lack complexity?
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Economic complexity is a measure based on the number of products a country exports and the number of other countries that export those products.
Harvard University’s Economic Complexity Index ranks Australia poorly within the world’s economy.
Income inequality, poor wages growth, and an inability to recover from unexpected economic events may result if the economy doesn’t diversify.
Casey Tonkin spoke with Professor Rod Glover, economist and the director of the Monash Sustainable Development Institute, about economic complexity..
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