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Australia's R&D investment falls below OECD average, raising economic growth concerns.
Australia's research and development (R&D) investment has fallen to 1.66% of its GDP, well below the OECD average.
Led by Tesla's Robyn Denholm, a government panel warns this decline could harm economic growth and productivity.
The Business Council of Australia urges increased R&D spending, suggesting better collaboration between businesses and universities and tax incentives.
Industry Minister Ed Husic calls for businesses to boost R&D to create jobs and innovation, moving from a technology consumer to a producer.
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La inversión en I+D de Australia cae por debajo de la media de la OCDE, lo que plantea problemas de crecimiento económico.