2017 Spring - Getting regional infrastructure right

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FPJ1403C - Bowen, L (2017), Infrastructure Constraints on Agricultural Productivity Growth – A Northern Territory Perspective

Accelerating the development of Northern Australia has become a policy priority for the three northern jurisdictions and for the Australian Government. This is in large part due to the expected growth in demand from Asia. By 2050 the Indo-Pacific region is expected to generate almost half the world’s economic output. An increasingly affluent Asian population will see the demand for quality produce steadily increase.
In terms of being positioned to benefit from this increased demand, a major constraint on the Northern Australian agricultural sector is the lack of economic infrastructure – particularly transport and water related infrastructure. It is therefore critical that there is significant government and private sector investment in such infrastructure. Given the lead time for new infrastructure to become economically productive there is a now degree of urgency or Australia risks being left behind as other countries take advantage of Asia’s economic rise.

FPJ1403C - Bowen, L (2017), Infrastructure Constraints on Agricultural Productivity Growth – A Northern Territory Perspective, in Farm Policy Journal, vol. 14, no. 3, Spring 2017, pp. 7-17, Surry Hills, Australia.

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