ECON Assessment 2: Indigenous Economic Development Strategy Analysis

This economics essay assesses the Indigenous Economic Development Strategy in Australia, focusing on the two priority areas of education and the encouragement of indigenous businesses and entrepreneurship. The essay begins with an introduction to the topic, emphasizing Australia's strong economy and the government's involvement of Indigenous Australians in economic development to close the employment gap. The body of the essay delves into the measures adopted in education, including improving school attendance, readiness, and results, as well as supporting effective transitions from education to employment. It also examines the growth of Indigenous businesses and entrepreneurship, including supporting Indigenous business growth and improving access to business and funding support. The essay then analyzes the effectiveness of these measures, presenting data on attendance rates, literacy and numeracy, year 12 attainment, and the growth of Indigenous businesses. The essay's conclusion summarizes the findings, highlighting the progress made and the need for further efforts to narrow the gap between Indigenous and non-Indigenous communities. The essay uses various sources to support its arguments and findings.