Indigenous Economic Development Strategy : Essay

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Added on 2020-07-22

Indigenous Economic Development Strategy : Essay

Added on 2020-07-22

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INDIGENOUS ECONOMICDEVELOPMENT STRATEGY

Table of ContentsINTRODUCTION...........................................................................................................................1MAIN BODY...................................................................................................................................1CONCLUSION................................................................................................................................4REFERENCES................................................................................................................................1

Indigenous Economic Development Strategy : Essay_2

INTRODUCTIONIndigenous economic development strategy is the at that has been introduced byAustralian government so that opportunities and growth platform can be able to avail to peopleof the nation. As to stabilize nation's wealth and development, it is playing a very vital role. Thisessay study will concentrate upon the several strategies and policies that has been implementedby authorities so that economic stage of nation can be enhanced and can get survival advantageat international level (Coria and Calfucura, 2012). The main focus of this study is to identify allthose development aspect that has been carried out by governing authority for indigenous peopleof Australia.MAIN BODYAccording to Farsani, Coelho and Costa, (2011) indigenous economic developmentstrategies are those plans and programs that has been introduced by nation's government so thatopportunities can be availed to the indigenous people of the society in Australia. Government ofthe country is very effectively carrying out several strategies and policies so that they can be ableto develop nation's economy along with that a stability can be able to maintain. The indigenousdevelopment strategy 2011-2018 has been launched in Sydney which has set an example to all sothat opportunities related to skill development and employment can be provided to theindigenous people of Australia. This has also one of the major motive that is defining thatintroduction of these plans will lead in involving indigenous people to contribute their shares ineconomic development and can be able to enjoy benefits of financial and social aspects.As per Fu, Pietrobelli and Soete, (2011) the main focus and concern of the strategy bygovernment is upon five major aspects, they are- investing in education program, strengtheningfoundation so that economy can get developed, introducing several skills and job developmentplans, motivating indigenous business and helping individuals with the financial support alongwith that assisting in the entire community to have an independent entity. Each of these strategyis prioritize and has specific objectives so that government can be able to take effective decisionsand according to that policies can be made. PrioritiesStrengthening foundation1

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