Australian economy to lag Iran, Pakistan by 2050, says PwC

To counter these trends, Mr Thorpe said business and politicians needed to shift their focus from the next election to an “over-the-horizon strategy”.

Most important was a renewed focus on ensuring Australian workers have the advanced skills to compete in the global market – with Mr Thorpe saying this should mean additional resources must be devoted to education, particularly into science, technology,engineering and mathematics, often short-handed as “STEM subjects”.

via Australian economy to lag Iran, Pakistan by 2050, says PwC.