Someone else's boom but always our bust: Australia as a derivative economy, implications for regions

Wilson, Bruce, Hogan, Anthony, Cuthill, Michael, Baker, Douglas, Buys, Laurie, & Burton, Lorelle (2015) Someone else's boom but always our bust: Australia as a derivative economy, implications for regions. Regional Science Policy & Practice, 7(2), pp. 75-87.

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This paper examines the socio-economic impact of mineral and agricultural resource extraction on local communities and explores policy options for addressing them. An emphasis on the marketisation of services together with tight fiscal control has reinforced decline in many country communities in Australia and elsewhere. However, the introduction by the European Union of Regional Policy which emphasises ‘smart specialisation’ can enhance greatly the capacity of local people to generate decent livelihoods. For this to have real effect, the innovative state has to enable partnerships between communities, researchers and industry. For countries like Australia, this would be a substantive policy shift.

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ID Code: 84800
Item Type: Journal Article
Refereed: Yes
Keywords: Regional policy, regional development, global value chains, smart specialization, local public economies
DOI: 10.1111/rsp3.12057
ISSN: 1757-7802
Subjects: Australian and New Zealand Standard Research Classification > BUILT ENVIRONMENT AND DESIGN (120000) > URBAN AND REGIONAL PLANNING (120500)
Divisions: Current > Schools > School of Design
Current > QUT Faculties and Divisions > Creative Industries Faculty
Current > Institutes > Institute for Future Environments
Current > QUT Faculties and Divisions > Science & Engineering Faculty
Copyright Owner: © 2015 The Author(s). Regional Science Policy and Practice © 2015 RSAI
Deposited On: 16 Jun 2015 01:32
Last Modified: 01 Mar 2016 05:15

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