A SWOT ANALYSIS OF THE ECONOMIES



future[inc] analyses the outlook for the Australian and New Zealand economy over the next century in a novel way; taking a SWOT analysis - a tool more commonly used in business planning and strategy, and applying it to a nation.

By considering the strengths, weaknesses, opportunities and threats facing each economy, we ask what such an analysis can tell us about the economy, now and in the future, and what policy responses we should be developing now. The analysis for each country below is a snapshot of our high level perspective. Download the paper for full analysis.


 

 

 

A SWOT ANALYSIS OF THE AUSTRALIAN ECONOMY

In paper one of future[inc], Developing a plan for Australia's economic prosperity, we analyse the outlook for the Australian economy over the next century in a novel way; taking a SWOT analysis – a tool more commonly used in business planning and strategy, and applying it to a nation.

By considering the strengths, weaknesses, opportunities and threats facing Australia, we ask what such an analysis can tell us about the Australian economy, now and in the future, and what policy responses we should be developing now. The table below summarises our high level perspective.


 

We've enjoyed the fruits of a high-performing economy and growing living standards, and developed the confidence that comes with having strutted through a global economic crisis with barely a scuffed shoe. Thanks to some fundamental strengths underpinning the Australian economy, things are going well.


S1 SOUND ECONOMIC POLICY

S2 STRONG AND RESILIENT ECONOMY

S3 GEOGRAPHY, NATURAL ENDOWMENTS AND EMERGING ASIA


For more information on the strengths of the Australian economy
see page 23-26, Developing a plan for Australia's economic prosperity



 

Weaknesses can't always be overcome, but it's imperative that they are understood and acknowledged in planning. So what limitations are we facing right now and into the future?




W1 PRODUCTIVITY GROWTH

W2 STATE & FEDERAL RELATIONS AND TAX TRANSFER SYSTEM

W3 INFRASTRUCTURE DEFICIT


For more information on the weaknesses of the Australian economy
see page 28-31, Developing a plan for Australia's economic prosperity



 

By any measure or comparison, the Australian economy is performing well. But Australians are living through a period of great global economic, technological, political and social change, and we simply can't expect that the way things are now is they way they always will be. So what are the big opportunities for Australia in the future?


O1 GLOBAL ECONOMIC STRUCTURAL CHANGE

O2 SEIZE THE OPPORTUNITY FOR REFORM

O3 GREATER DIPLOMATIC ROLE


For more information on the opportunities of the Australian economy
see page 33-37, Developing a plan for Australia's economic prosperity


 

We live in a competitive, globalised world and threats to our economy and future prosperity can come from elsewhere as well as from within. So what threats must we be aware of, and seek to mitigate, in planning for our future?



T1 EXTERNAL ECONOMIC THREATS

T2 FISCAL SUSTAINABILITY

T3 CLIMATE CHANGE


For more information on the threats of the Australian economy
see page 39-43, Developing a plan for Australia's economic prosperity

A SWOT ANALYSIS OF THE NEW ZEALAND ECONOMY

In Developing a plan for New Zealand's economic prosperity, we analyse the outlook for the New Zealand economy over the next century in a novel way; taking a SWOT analysis - a tool more commonly used in business planning and strategy, and applying it to a nation. By considering the strengths, weaknesses, opportunities and threats facing New Zealand, we ask what such an analysis can tell us about the economy, now and in the future, and what policy responses we should be developing now. The table below summarises our high level perspective.


 

There are grounds for much optimism. New Zealand is entering into a period of strong growth and the outlook with a rapidly-growing Asia is bright.


S1 ROBUST INSTITUTIONS AND INDEPENDENCE

S2 NATURAL CAPITAL

S3 AGILITY


For more information on the strengths of the New Zealand economy
see page 16-18, Developing a plan for New Zealand's continued prosperity


 

Weaknesses can’t always be overcome, but it’s imperative that they are understood and are acknowledged in planning. So what limitations are we facing right now and into the future?


W1 CAPABILITY

W2 SLIPPING POLICY INFORMATION

W3 EXTERNAL RELIANCE


For more information on the weaknesses of the New Zealand economy
see page 20-22, Developing a plan for New Zealand's continued prosperity


 

In a world of rapid change, agile policy making and a flexible economy are critical ingredients for success. New Zealand has some measures of each. A small, open economy at the far end of the world needs to be ahead of the game to create shared prosperity and opportunity. What are the opportunities for New Zealand?


O1 GEOGRAPHY

O2 CONVERGENCE

O3 LARGE OPEN SPACES


For more information on the opportunities of the New Zealand economy
see page 24-28, Developing a plan for New Zealand's continued prosperity


 

We live in a competitive, globalised world and threats to our economy and future prosperity can come from elsewhere as well as from within. So what threats must we be aware of, and seek to mitigate, in planning for our future?



T1 HAZARDS

T2 DEMOGRAPHICS

T3 GLOBAL


For more information on the threats of the New Zealand economy
see page 30-34, Developing a plan for New Zealand's continued prosperity