The indigenous community of Australia continues to experience many social and economic ills
despite several beneficial improvements in recent years. Native American groups with low
literacy rates had lower unemployment rates and a greater sense of isolation from society, both of
which harm mental health. In the job market, discrimination is still present that was experienced
in schools. Even after receiving an education, educated natives lament their inability to locate
relevant work prospects.
The Indigenous Economic Development Plan
To improve the economic standing of aboriginals of Australia and take them up to a similar level
of growth of Australian culture, the Government of Australia has established a long-term
approach. To this purpose, the federal government adopted the extraordinary Indigenous
Economic Development Strategy 2011-2018 to eliminate social and economic disparities by
concentrated government action. The plan will serve as a roadmap for the government’s reform
measures and programs for aboriginals between 2011 and 2018. After the first three years, the
plan will be assessed, and any necessary adjustments and improvements will be made. The
economic strategy’s third year of completion is 2014. In this post, we’ll make an effort to give an
honest evaluation of the strategy and make improvements that could be successfully
implemented into it for better outcomes.
Five key areas that demand immediate government action have been identified by the economic
development department. The areas include:
1. Spending on education
2. Creation of a favorable economic climate Development of skills and the creation of job possibilities
3. Indigenous entrepreneurship activities are expanding and developing
4. Encourage the indigenous community’s independence and financial security.
Limitations of the Economic Development Plan – A critical analysis of the economic development strategy has been published by the ANU’s Center for Aboriginal Economic Research Policy. In some ways, the strategy is constrained and shortsighted, as per the study by J. Hunt (see J. Hunt, Learning from Success: A Response to the
Draft Indigenous Economic Development Strategy/CAEPR/Issue No 4/2011).
1. The general approach heavily draws on what might be referred to as the "modernization
theory" of human growth. This philosophy contends that advancement happens when individuals
acquire the knowledge and abilities necessary to enter the contemporary private sector. This
strategy is just one of many that are available. Scholars have demonstrated that alternative
strategies, like livelihood strategies and asset-based community development strategies, are
equally crucial when dealing with indigenous Australians.
2. The economic plan’s human development strategy is incredibly constrained. The United
Nations Declaration on the Rights of Indigenous People is sustained by Australia. According to
this, the government’s policies should be based on respecting the rights of indigenous people.
The strategy, however, places little emphasis on such a rights-based method.
3. The private sector is provided further weight, despite studies showing that the public and
nonprofit sectors also contribute significantly to the economy. Additionally, many Australian
aboriginals live off the land in remote areas and practice a subsistence-based traditional
economy. But this area of the economy has received no attention.
4. The plan is based on the Human Capital Theory methodology. Its whole nature is one of
individualism. According to this strategy, development happens when the personal potential is
increased. However, academics contend that collective rather than individual community
development might yield significant benefits.
5. Finally, there is no scientific analysis of previous programs and policies on which the plan is
founded. As a result, there is a disconnection between the analysis of past success and the
suggested future course of action.
It is argued that the Indigenous Economic Development Strategy will perform effective if these
issues are taken into account while determining the best sequence of action moving forward.
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