Paper on Economics Assignment

Added on - 21 Apr 2020

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1Running head: ECONOMICS ASSIGNMENTEconomics AssignmentName of student:Name of university:Author note:
ECONOMICS ASSIGNMENTRecent problems faced by the indigenous population in Australia have drawnattention of political leaders since the majority of these issues have been linked with the pooreconomic status of the population. Since the population suffers poor physical and mentalhealth conditions whose burden is increasing with each passing year, the need for policyreforms is more prominent (Moreton-Robinson 2015). A group of scholars have pointed outthat “Native title rights are a key ingredient in improving the physical (health) and mentalwellbeing of Indigenous Australians”. The standpoint taken in this paper is that healthoutcomes of the indigenous population are driven by their economic status. The economicstatus is again influenced by the evident disconnection with their original land and themaltreatment they have received through time. The present paper critically analyses theabove mentioned idea on the basis of evidence gathered from the literature. The discussiontakes into account sources of economic inequality leading to the poor physical health ofindigenous Australians and the link with dispossession of land rights. Further, strategies forimproving the physical health of this population are discussed that highlights how own socialposition infleucnes personal thinking.Indigenous economic development matters, as highlighted by Otim et al. (2014). Atpresent, the population faces a number of diversified economic circumstances. One one handis the section of the population who live in urban settings and have considerable engagementwith the market economy. On the other hand is the other section of the population who live inremote areas and have no contribution towards the development of the economy. Measures ofeconomic status are at times based on social indicators. The measures of heath and wellbeingindicate that indigenous population have the lowest economic status of all Australians.Alford and Muir (2004) have linked economic condition of Indigenous Australianswith the concepts of native title rights. Native title refers to the bundle of rights that dependson the native title holder’s customs and laws. It also relies on the capacity of the law to
ECONOMICS ASSIGNMENTacknowledge the interests and rights they hold. It includes the right to occupy and possess anarea for excluding all others. In certain areas, the native title bundle is the set of non-exclusive rights, meaning no right to control access to, and use of, the area. It is basically therecognition that the indigenous Australians continue to hold rights to the land that have comefrom the traditional customs and laws. Land rights are also related to this concern. However,some distinctions are present between the two. Land rights are the legislative response givenby parliaments to those upholding traditional rights. In land rights claim, the individuals seeka grant of title to land from the State or Territory governments. The underlying concept is thatthe native title agreements provide the population with benefits such as title to land,employment and training, conservation opportunities and business. Lastly, cultural heritage isalso taken forward from generation to generation through native titles and land rights. All ofthe above mentioned factors contribute towards the economic growth of the population.Altman (2006) in this regard has highlighted that the indigenous private sector is anemerging section of the Australian economy. Importantly, businesses are responsible forproviding essential services and goods to other businesses, governments and consumers in thecontext of the broader economy of the country. Enterprises set up by the indigenouspopulation are been perceived to be unique in the manner in which business opportunities aretaken up. At present, they are deviated from the position to capitalise their business plans.The prime reason for this is disputes regarding native land settlements. Since resource relatedpayments might fall under native title agreements, it is challenging to fulfil such payments atthe appropriate time frame. indigenous Australians are not able to make investments in newenterprises as a result of their ongoing disputes. For ensuring that economic betterment isbrought about, there is a need of placing them in a position whether they can takecomparative advantage of areas such as natural science, arts, management and tourism.
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