Transcript

Address by Mr David Irvine AO, FIRB Chair to Annual Infrastructure Investors’ Forum: Australia

14 Aug 2018
Description

Foreign investment has always been important to Australia.

Our unique geography and history have shaped our need for foreign investment for over two centuries. As a huge island nation – rich in resources and opportunities– we continue to have a strong demand for capital to develop and harness those resources and opportunities.

Foreign capital allows more investment than we could otherwise undertake ourselves. We have always relied on foreign investment to fill the gap between domestic savings and investment – allowing us to grow the Australian economy into the success that it is today. That domestic savings gap has averaged 3.5% of GDP over the last five years.

Foreign investment also provides an important mechanism by which the Australian economy can tap into technical or management expertise for our enterprises.

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Publication Details
Language: 
English
License Type: 
CC BY
Published year only: 
2018
33
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Subject Areas
Geographic Coverage
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