Placing Australia securely within the network of global research and innovation is essential. Earlier this year, Innovative Research Universities (IRU) published recommendations for the creation of an Asian Research and Innovation Network outlining the potential for Australia in contributing to and benefiting from increasingly developed Asian networks.
Australia produces approximately 3% of world research output yet represents only 0.3% of the world’s population. Hence Australia’s research output is relatively strong but as a small contributor to the global research effort it cannot operate independently of research across the world. In contrast, Asia’s share of global research and development expenditure was forecast to reach almost 40% in 2014.