Make a tax-deductible donation to support CEDA's agenda and help accelerate change
Education is vital to regional development, former Federal Minister for Education, Employment and Workplace Relations; and Regional Australia, Regional Development and Local Government, the Hon. Simon Crean has told a CEDA audience in Melbourne.
29/05/2016
“I think universities and higher education are fundamental to regional development,” he said.
"If you look at the regions that are going ahead somewhere in it there is a university that is working with them either in terms of facilitation or training.”
Mr Crean said regions should be diversifying based on their existing strengths.
“The future job opportunities are in services, not just manufacturing but in many cases it’s the services sector off the manufacturing and agriculture base,” he said.
On innovation in Australia, Mr Crean said there needs to be fundamental development in creativity and emphasised the importance of brand Australia.
“The important opportunity for us is promote our brand better because it is understood out there,” he said.
Also discussing innovation, Deloitte Access Economics Partner, Professor Ian Harper said largely Australia is open to new technologies but we also need to become better at creating new technologies.
“We do have a hunger to do things differently, to try new things, we’re known for that, it’s why big companies overseas like to trial things here,” he said.
“We’d like to have some of those home grown rather than just picking up people’s innovative ideas and applying them.”
Professor Harper said developing a collaborative process is one of the best ways to drive that in the future.
On the economy, Professor Harper said Australia is moving into a so called knowledge economy along with other developing countries.
“Because of the changing structure of the knowledge economy, collaboration, diversity bringing together these differences, not just doing it yourself actually pays, that’s what gives you the confidence the market will come behind you,” he said.
METS Industry Growth Centre Chair, Elizabeth Lewis Gray said: “Australia is a very fast adopter of new ideas.”
Ms Gray said collaboration and innovation is important to developing and taking the economy forward.
On skills, Ms Gray said Australia is strong in management but lacks capabilities in strategic positioning and marketing.
“I think there are some key areas and in that sort of strategic thinking…is where we need to bring groups of people together, develop a vision and develop a place that we want to go,” she said.
“Across all industries where Australia really lacks is sales and marketing as well as capital and financing skill sets.”
Ms Gray said Australia must make sure it is cutting edge at a global level to remain competitive.
Queenslanders rank regional development as more important than other states, CEDA Chief Executive Melinda Cilento said during the release of Queensland data at a CEDA event in Brisbane.
Read more Regional development June 25, 2018A strong strategy is key to regional growth, each region has got to know where the opportunities are, Regional Institute of Australia Chief Executive, Jack Archer told CEDA’s State of the Nation 2018 audience.
Read more Regional development March 12, 2014The Northern Territory must be an equal partner to Western Australia and Queensland in the development of northern Australia says Chief Minister Adam Giles.
Read more