

EP#137: Purposeful productivity with Danielle Wood
May 25, 2025
Danielle Wood, Chair of the Productivity Commission and former CEO of the Grattan Institute, discusses the evolution of public policy in Australia. She delves into challenges like lifting productivity in the service sector and the slower impact of new technologies. Danielle emphasizes the importance of embedding Closing the Gap priorities into policies and championing diversity in economics. She advocates for valuing independent advice as a cornerstone of governance that can drive meaningful, long-term reform.
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Inspiring Economics Teachers
- Danielle Wood was deeply inspired by her high school economics teachers who sparked her interest in the subject.
- This early encouragement was pivotal in her pursuing a career in economics and public policy.
Reasons Behind Productivity Slump
- Australia's productivity slowdown is partly due to a structural shift toward less-productive service sectors.
- Technological change's contribution to growth has slowed, but optimism remains for future gains.
AI's Productivity Potential
- AI is a general purpose technology with high potential to boost productivity across many sectors.
- The challenge lies in supporting businesses to effectively adopt AI while managing its risks.