PPI Chief Economic Strategist Dr. Michael Mandel was quoted today in the Australian publication Startup Smart’s article, “Australian mobile app market booming as tech job growth outpaces the US and UK.” The article discusses both the high hopes for continued growth in the Australian app economy, while taking heed of Mandel’s caution on policymakers striking the right balance of regulation:
The major take-away is that Australia has a good start on the digital economy, especially when viewed from the perspective of mobile apps. This debate is at a fever pitch in both the United States and Europe, especially after the recent NSA revelations.,” Mandel says.
“As this sector continues to expand globally, this opens up new opportunities for Australia to become an exporter of apps and app-related services, especially given the current international importance of English-language markets.”
Mandel warns there are also important lessons in the figures for Australian government policymakers.
“It’s important for policymakers to strike the right balance between essential and excessive regulation, especially in areas such as data privacy,” Mandel says.
“However, a general principle is that the tighter the regulations, the more obstacles in the path of the growth of the rapidly innovating app economy.”
Read the full article here.
