“One of the Coalition’s core principles is a preference for markets, because markets

typically produce better outcomes than governments. But government can play a valuable leadership role in the economy, particularly in periods of structural change. If elected, a Coalition government intends to play such a leadership role in driving Australia’s transition to a digital economy and recognising the importance of prioritising investments in ICT. The centrality of ICT to productivity, innovation and growth is beyond dispute: it shows up in the data, in business and in our everyday lives. McKinsey Global Institute has calculated around a fifth of GDP growth in advanced economies over the past five years has arisen  from the Internet and associated technologies – with 75 per cent of this growth occurring in sectors not traditionally seen as ‘tech nology’ industries.”