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Posts from the ‘Economy’ Category

17
Oct

South Australia: The next mining boom state?

While Western Australia and Queensland have experienced extraordinary financial windfalls from the mining industry, South Australia has languished despite its enormous untapped resource potential.  But two major policy events this year are likely to set the State on a course of rapid expansion in the mining industry that will fundamentally change its fate for the century to come.  The challenge for the State Government is to ensure the financial benefits are directed into capacity building projects that will breathe life and energy into Adelaide and the regions. Read more

8
Oct

Australia: Leader of the global digital economy?

In 20 years’ time, we are likely to look back on the National Broadband Network as the infrastructure project that changed the nation.  At a cost of nearly $43 billion this is a grand strategy of ambitious proportions that is designed to position Australia at the forefront of the global digital economy, and provide the oxygen under which innovation can flourish.  It will be the largest infrastructure project that has ever been undertaken in Australia’s history, and is the 21st century equivalent of projects such as the Read more »

8
Oct

Tyranny of Distance No More

With the rapid evolution of the Asian Century, Australia has successfully shrugged off the tyranny of distance and embraced its position as a periphery state.  One just has to glance at our trade data to realise that our fate has become intimately entwined with that of our northern neighbours, and that we are uniquely positioned to take advantage of the extraordinary trend of development that is likely to continue for decades.  Eight of our top ten trading partners are within our region showing the nature of our economic reliance on the west is a thing of the past. Read more