Australia Needs a ‘Growth Mindset’ For Prosperity, Productivity Commission Chair Says

Australia’s economy can expand at a faster pace if governments regain the “growth mindset” that has been absent from decision making for far too long, said Danielle Wood, chair of the nation’s Productivity Commission.

“Governments must embed the importance of growth in every decision they make,” Wood said in a speech on Monday that previewed this week’s Economic Reform Roundtable. “This means engaging with trade-offs, better program delivery and design, and the ‘boring but important work’ of reducing administrative burden.”