Future-Proofing the WA Economy

May 10, 2020

"Future-Proofing the WA Economy is the fourth report in the Bankwest Curtin Economics Centre’s Focus on Industry report series. The report recommends the implementation of a ‘smart specialisation’ approach to regional diversification, to ensure that new development opportunities build on existing regional capabilities and capitalise on local conditions and networks." - Bankwest Curtin Economics Centre

 

In particular, "Scientific testing and analysis services appears as an option for diversification in many regions. Professional services are often difficult to enter in regional areas because these businesses often benefit from access to a significant skilled labour market in large cities. However, industry classes in both the Agriculture and Mining industry divisions are typically tied to regional resource endowments and these industries both require and are related to Scientific testing and analysis services. As a result this industry emerges as a key option for diversification into professional services in regional economies." - Bankwest Curtin Economics Centre

 

Read the full report here

 

 

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The Resource Industry Training Council (RITC) is a state government funded joint venture between Chamber of Minerals and Energy (CME) and the Australian Petroleum Production and Exploration Association Ltd (APPEA), gathering industry intelligence, on current trends, skills gaps and training needs, which it provides to industry, the State Training Board (STB), Department of Training and Workforce Development (DTWD), the WA Government. RITC governance is facilitated through the RITC Advisory Board. 

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