Tag: economic resilience
5 articles
Australia's Economy Exposed to Digital System Failures
When Optus went down in 2023, the inconvenience was clear - no coffee, no lunch, no Uber - but what Australians laughed off as a minor annoyance actually exposed a much deeper vulnerability: the alarming dependence of Australia's economy on digital systems. The real issue wasn't just payments, but the entire economic exchange process, from ordering to delivery to settlement.
Australia Urged to Audit and Fix Economic Vulnerabilities
Australia's reliance on imports leaves it alarmingly vulnerable, with just 30 days of net-import cover - a far cry from the 90 days recommended by the International Energy Agency. A government-led national audit could be the key to identifying and fixing these weaknesses before it's too late.
Australia Wrestles with Sovereign AI Capability Plan
Australia is taking a bold step towards tech independence, with Prime Minister Anthony Albanese vowing to turn the country into a hub for large-scale AI training and cement its sovereignty in the field. By hosting cutting-edge AI data centres, Australia aims to break free from reliance on foreign tech and secure its economic resilience.
Australia Urged to Establish Northern Hybrid Zone to Bolster Economic Security
Australia can supercharge its economic security by creating a Northern Hybrid Zone, turning its abundant resources into a powerful engine for growth. By following the US-Philippines' 4,000-acre precedent, Australia can anchor its supply chains, concentrate infrastructure, and embed resilience.
Australia's Urea Reliance Exposes Food, Transport Systems to Gulf Risks
Australia's heavy reliance on urea imports, particularly from the Middle East, puts its food and transport systems at risk of disruption, making it vulnerable to shocks in the Gulf region. A urea shortage can have far-reaching consequences, from reduced crop yields to higher food prices, highlighting the urgent need for a more stable supply chain.