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Digital economy: The budget spend needs to be far bigger

The world picture To see how Australia compares worldwide, we can look to the most comprehensive global analysis of the digital evolution of nations, the Digital Intelligence Index produced by researchers at Tufts University in the United States. This index looks at many factors, such as digital payment and logistics infrastructure, internet usage, regulations and research, to give each country scores for the current state of its digital economy and also how fast the digital economy is developing. In the 2020 edition, Australia ranked as the 17th digital economy in the world behind Sweden, Taiwan, New Zealand, and the leading nation, Singapore. In 2017 Australia came 11th, so we are already dropping down the rankings.

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