1. Down Under to Down Wonder – an Open Australia weathers the Global storm

2. Over the past few years the global economy has been a fascinating place….

3. Not so long ago things were looking pretty grim….

4. Trading partner growth had been hammered right across the board

5. The world witnessed one of the most drastic collapses in trade in economic history

6. From an Australian point of view we’ve gone from down under to down wonder…….

7. The great escape - Australia’s economic performance was a stand out

8. Especially in the labour market

9. Australia has performed well by OECD standards

10. The old labour market story in the north atlantic economies is not reflected in the evidence

11. The great trade reforms of the past 25 years gave us a good base to withstand the GFC

12. At times like these, there’s a lot of anxiety about trade issues and globalisation…..

13. Trade has been associated with higher living standards

14. Australia’s attitude towards Asia: ‘Once were worriers’ because of the ‘The Tyranny of Distance’

15. We are now in the right place at the right time: ‘The Tyranny of distance’ has been replaced by ‘The Power of Proximity’

16. Japan’s economic development has partially driven Australia’s export growth in the past

17. Now it will be China, India and ASEAN who will drive much of our export growth in the 21 st century

18. China’s demand has helped to promote Australia’s prosperity……

19. Shanghai of the tiger: China is leading the charge in North Asia

20. With a little bit of help from my assigned translator

21. Sent airborne by Australia’s first female Prime Minister….

22. Doing it tough…with Kate Fischer and Pru Goward

23. To stimulate or not to stimulate: some fiscal packages have been effective - ‘bamboo shoots’ as much as ‘green shoots’

24. Looking west, there’s room to grow income-wise

25. Exporter confidence in China remained high during the GFC

26. Even in terms of SMEs China is a chart buster

27. Where the bolly hell are you?

28. India has shot up like a 2020 game 0 2 4 6 0 2 4 6 Australian Exports to India Share of total, current prices Source: ABS Share of merchandise exports % Share of services exports 04/0508/0900/0196/9792/93

29. Gilly is going into bat for the ‘Gong

30. Australia’s financial institutions have remained robust

31. Given the GFC and the ‘recession porn’ faced our exporters have been a global surprise package

32. A quiet revolution - Australia has built a strong ‘heartland’ of true blue exporters Non-Exporters ‘Domestic Businesses’ Exporters/ Non-Exporters ‘Opportunistic/ Irregular’ Exporters ‘Heartland’

33. 33 Short-term prospects: (3 months)  Negative export growth but increasing Medium-term prospects: (12 months)  Positive export growth and accelerating Australian exporters kept their nerve NB: Don’t know responses have been excluded from the analysis Change in export orders Net Change 15% (actual) - 10% (actual) + 10% (expected) + 40% (expected)

34. 34 Australian exporters were positive about employment More than half of the exporters (59%) are optimistic regarding their profitability over the next 12 months expecting it to increase. Almost half of the exporters (47%) are planning to keep the staff numbers the same while 45% of exporters are likely to increase their staff head count. Wage increases are likely in over two thirds of the exporters (69%). More than half of the exporters (59%) are optimistic regarding their profitability over the next 12 months expecting it to increase. Almost half of the exporters (47%) are planning to keep the staff numbers the same while 45% of exporters are likely to increase their staff head count. Wage increases are likely in over two thirds of the exporters (69%).

35. Australian exporters and workers were flexible in terms of hours 33.6 33.8 34.0 34.2 34.4 34.6 34.8 33.6 33.8 34.0 34.2 34.4 34.6 34.8 Average Hours Worked Mid-month of quarter Source: ABS 2009 Hrs 200820072006200520042003 Hrs

36. Now our trading partner growth has bounced back

37. East Asia has been an important part of that story

38. The emerging economies are really geeing up the G7

39. There’s plenty of action for Australian exporters in the emerging world (source: UBS)

40. Easy rider: Steppe-ing out in Mongolia

41. Australia’s strength in Asia is a good story for northern hemisphere investors

43. A good airport economist knows that Australian exports are well diversified

44. Taking a walk on the supply side

45. There are now new challenges that require skillful economic management

47. Demography is destiny?

48. Japan: Land of the greying sun?

49. China: getting old before they get rich?

50. India: Poppadom preach?

51. Many experienced exporters have survived crises before SOURCE: Sensis ® Business Index

52. Despite some Gen X and Gen Y growth, global SMEs are mainly run by baby- boomers

55. The GFC shook most of the world….

56. In Australia we’ve been successful as we’ve married an open economy to successful social reform

57. One big happy free trade agreement……

58. Down Under to Down Wonder – an Open Australia weathers the Global storm