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By 2020, Asia’s economic output will be larger than Europe’s and North America’s combined. If Australians are to maintain a relatively high standard of living we must either find additional products [or resources] to sell to the world, mainly Asia, or increase the efficiency at which we produce our output. Without globally competitive infrastructure assets that are more efficient than those available at present, to increase our productivity and our standard of living, we are likely to lose some of the economic gains of the last two decades.
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