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This journal is published by the Committee for Economic Development of Australia to encourage discussion of social and economic matters. This issue contains the following articles: Industry, innovation and investment / Nick Minchin; Manufacturing still matters / Kevin O'Conner; Create the right incentives / Tony Abbott; A partnership approach / Martin Ferguson; Understanding the wage and social security interface / Alison McCleland; Productivity and industrial relations / Mark Wooden; The information age and Australian exporters / Tim Harcourt; Governments and markets / Peter Drake; Prosperity through discovery: business in the IT age / Allan Mendelowitz; New directions for wool / Lionel Ward; The MAI affair / David Henderson; The ups and downs of downsizing; Capital markets: after the crisis / Bill Shields; A genome valley for Australia? / Nick Birrell; Managing the GST: a retailer's perspective / Romano Nenna; Transfer pricing: a layman's guide / Martin Feil; National competition policy: a progress report / Graeme Samuel; Bass Strait gas to New South Wales / Philip Aiken; Knowledge management; and the CEDA annual report 1998/99.