IN ALAN MITHELL’s article last Saturday (AFR: page 15), he discussed a recent report from the OECD — which outlined the growing pressures upon the Australian economy for structural change.
Apparently, the centre of gravity for global activity is gradually moving.
And as the table shows, this is moving closer to Australia; and will bring with it an increase in … specialisation, innovation, productivity and income.
However, as a Commercial property landlord, you will only continue to be successful if you can quickly identify those businesses benefiting most from what’s occurring.
You have already seen a shift in manufactured goods offshore; as well as the car industry unwisely being subsidised by government. [Read more…]