Innovation Development Early Assessment System

How does Australia's industrial performance compare with other nations and what are the implications for the role of innovation? Table 1 reflects Australia's rankings in four of the United Nations Industrial Development Organization's indicators for industrial performance in 1990 and again in 2002.

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It is clear that Australia's recent industrial performance does not compare favourably with the industrial performance in many other nations. Despite improvements in three out of the four performance indicators, Australia has slipped in all four relative rankings. If we want to entertain any notions about playing in the major league of exporting nations, then we need to refine our ability to identify new ideas with genuine commercial potential and bring them to market.