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International Business Times: Australia’s Tech Sector Outperforms US and UK with App Development Generating Billions

  • August 5, 2014
  • The Progressive Policy Institute

In the International Business Times, Reissa Su lauds the growth of Australia’s tech sector, with a focus on their growth relative to the US and UK. Su cites PPI chief economist Dr. Michael Mandel regarding his report on the Australian app economy:

Progressive Policy Institute’s report author Dr Michael Mandel said he was impressed by the findings and thought it was a “big surprise.” The report, Jobs in the Australian App Economy, was presented in Sydney on July 31.

According to Mandel, part of Australia’s tech sector growth may have come from a country “catching up.” Data showed that technology sector jobs make up 1.6 per cent of Australia’s overall employment compared to 1.2 per cent in the United States.

Mandel said Australia’s tech sector continues to grow and absorb new technologies at a faster pace. He praised Australia for performing well in the “app economy” which is made up of app developers including marketing and human resources related to app development.

Read the full article at International Business Times.

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