The complex challenges that a government face is to craft policy responses to this rapidly changing region and world. The new Australian Government is committed to build a more secure Australia by strengthening their defence for the future, building on the US alliance, and tackling new national security challenges, including long-term energy security. They are also committed to strengthening the Australian economy. Australia, like other nations, faces tough economic times ahead because of the state of the global economy. That is why the Government is building a stronger Australia through responsible economic management to put downward pressure on inflation and implementing a major economic reform agenda to strengthen our long-term competitiveness and to invest in the industries of the future.
To deal with the challenges that arise from the various drivers of global strategic change, effective global institutions, effective regional institutions and close cooperation with reliable partners such as Singapore are needed.