Every decade, the CSIRO issues a report outlining megatrends that Australian investors and business could jump on. But does anyone listen?
Australia’s perennial failure to become an innovative nation can be sheeted home to an over-reliance on easy money from commodity exports, too much risk aversion from super funds and Australians’ lazy over-investing in real estate, says the lead author of a CSIRO report on global trends., comes out every 10 years. This edition lists the seven technology and social “megatrends” that are both an opportunity and a threat to Australia’s wellbeing.
Stefan Hajkowicz, an economics geographer at the CSIRO who was lead author on both the 2012 and 2022 reports, said there had been little Australian investment in innovative solutions since 2012. The nation’s failure had become more acute and the need to remedy it more urgent.
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