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

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


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 marketization 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 emphasizes ‘smart specialization’ 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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Item Type: Article (Commonwealth Reporting Category C)
Refereed: Yes
Item Status: Live Archive
Additional Information: Permanent restricted access to published version in accordance with the copyright policy of the publisher.
Faculty / Department / School: Current - Institute for Resilient Regions
Date Deposited: 27 Apr 2016 23:44
Last Modified: 31 Jul 2016 23:27
Uncontrolled Keywords: Regional policy; regional development; global value chains; smart specialization; local public economies
Fields of Research : 16 Studies in Human Society > 1699 Other Studies in Human Society > 169999 Studies in Human Society not elsewhere classified
Socio-Economic Objective: B Economic Development > 91 Economic Framework > 9199 Other Economic Framework > 919999 Economic Framework not elsewhere classified
Identification Number or DOI: 10.1111/rsp3.12057

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