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Australia is fast on its way to becoming a professional services nation with the business services sector becoming more important to the economy, and a much larger employer, as industry has become more specialised and more willing to have non-core work done by external providers.
This change has come about, in part, because new technology has pushed down the costs of communication and logistics, and allowed a range of processes to be automated, according to the head of the Reserve Bank's economic analysis department, Alexandra Heath.
Read the full article on the Australian Financial Review.