Export statistics only tell half the story about the foreign earnings of Australian companies and are no longer a sufficient measure in a globalised economy.
Forget mining and financial services. Agribusiness is shaping up to be the next hot investment sector.
A year is a long time in business, but in the case of Australia's listed infrastructure trust (LIT) and listed property trust (LPT) sectors it is almost their entire lifetime.
All eyes are on wheat, a sector that is now said to be at the doorstep of the next wave of consolidation.
It comes as no surprise that Australia's resources industry makes a healthy showing in The Diplomat Global 100, with the sector having 15 companies on the list.
On the face of it, the offshore earnings of Australia's most globalised companies are powering along. They have increased by 15.3 per cent to $218.9 billion in a year when the international environment has become progressively more volatile.
In 1998, the former chairman of the US Federal Reserve, Alan Greenspan, told an annual meeting of the US Securities Industry Association, that money itself was undergoing a dramatic period of change.