|
Australia is a safe destination for investment. The country’s political and regulatory environment is stable, open and progressive, providing investors with a high degree of confidence and certainty.
In fact, Australia has the lowest risk of political instability in the Asia Pacific region and fourth lowest risk in the world.[1]
Australia's strength as an investment destination stems, in part, from a political system that has been assessed as being highly effective in responding to economic challenges and policy direction. In fact, the adaptability of Australian government policy to changes in the economy has been ranked in the top five countries in the region.[2]
In 2007, an executive opinion survey found that in terms of consistency of government policy direction, Australia ranks fourth in the world and second in the Asia Pacific region.[3]
Australia also boasts an open, efficient and transparent legal framework.
Corruption levels are low, rating ahead of the US, the UK, Canada and most regional countries.[4].
These results can be attributed to a strong system of checks and balances, and a highly respected judicial and law enforcement system.
Ranked in the top six countries in the world for the effective implementation of government decisions, Australia is ahead of most other developed countries.[5]
At the end of the day, the benefit to companies of a stable political environment can flow right through to the bottom line.
“Australia is one of the most important markets for Ericsson in the Asia- Pacific region. Australia hosts a growing economy; a stable political and business environment; a skilled, well educated and multilingual workforce; a strategic time zone and a competitive cost base. These factors provide a sophisticated market and the right environment enabling Ericsson to drive innovation and technology.” Hans Vestberg, Executive Vice President and General Manager, Business Unit Global Services, Ericsson.
View Ten Good Reasons to Invest in Australia summary.
--------------------------------------------------------------------------------
[1] IMD World Competitiveness Yearbook 2007
[2] Ibid
[3] Ibid
[4] Ibid
[5] Ibid
|