Hurt by the slowdown of the global commodity boom, Australia drops two places this year but remains in the top 10.
Australia is seeking to further diversify beyond commodity-related investment and propel its manufacturing base into high-technology, innovative products, according to A. T. Kearney.
To help industry-led innovation, the Australian government will fund 10 innovation clusters designed to bring more new ideas to market and underpin Australia's economic ties with Asia.
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Opera House viewed from Campbell's Cove at dawn in Sydney on Aug 16, 2013. [Photo/IC] |
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