On the show this week: as we struggle to move out of the mining boom and towards and knowledge based, services based economy, Australia is lagging seriously behind when it comes to innovation, advanced manufacturing and equipping our young people with the skills they need for the future. Treasurer Joe Hockey says he wants Australians to have a go and is pinning his hopes on small business being the engine room of innovation and new jobs. But are tax cuts all it will take when experts are saying we need structural reform to the economy? On the Money takes a look at the urgent need for Australia to innovate or risk being left behind.

Show features: Dean of UTS Business School Professor Roy Green

Executive Producer: Catherine Zengerer