{"id":6462,"date":"2019-10-11T12:00:41","date_gmt":"2019-10-11T02:00:41","guid":{"rendered":"https:\/\/testblogs.griffith.edu.au\/asiainsights\/?p=6462"},"modified":"2019-10-11T06:05:42","modified_gmt":"2019-10-10T20:05:42","slug":"australias-key-foreign-economic-and-development-issues-from-a-queensland-perspective","status":"publish","type":"post","link":"https:\/\/testblogs.griffith.edu.au\/asiainsights\/australias-key-foreign-economic-and-development-issues-from-a-queensland-perspective\/","title":{"rendered":"Australia\u2019s key foreign, economic and development issues from a Queensland perspective"},"content":{"rendered":"\n<p>The 2019 <em><a href=\"https:\/\/www.griffith.edu.au\/asia-institute\/partnerships-collaborations\/state-of-the-neighbourhood\">State of the Neighbourhood<\/a><\/em>\u00a0report, launched in conjunction with CEDA\u2019s \u2018The Neighbourhood Forum\u2019 in Brisbane on 11 October, draws on expertise from the Griffith Asia Institute\u2019s industry and academic partners. The report hones in on topics of significance for Australia and its neighbourhood, to provide an overview of the region\u2019s key foreign, economic and development issues to inform government, industry and community leaders.<\/p>\n\n\n\n<p>Many of last\nyear\u2019s key political challenges remain powerfully present, including economic nationalism,\ncreeping authoritarianism and Beijing\u2019s global ambitions. In addition to these\nissues, 2019 has seen the United States and some Asian corporations pursue a\npolicy of decoupling from China; a renewed interest in Pacific island\ncountries, in particular from Australian politicians; and Beijing\u2019s economic\ndiplomacy used to test the loyalty of partnerships in the region. <\/p>\n\n\n\n<p>Protectionist\ntrade measures and a China slowdown are forecast to be prominent economic issues\nfor the Asia-Pacific region in the year ahead. Australian policy makers and industry leaders are likely\nto witness significant changes to the international trade landscape if India\njoins APEC and the RCEP trade deal is finalised. Once in effect, RCEP will be\nthe world\u2019s largest trading bloc and the economic architecture of the\nIndo-Pacific. The economic outcomes for Australian exporters are expected to be\nsubstantial.<\/p>\n\n\n\n<p>When it comes to Australia\u2019s foreign\npolicy in the Pacific, there is no denying that under the \u2018Pacific step-up\u2019, engagement\npoints between Australia and Pacific island countries have increased in recent times. But has quantity\ntranslated to quality? There are also opportunities for the Australian\ngovernment and private sector to enhance their engagement with Pacific island\ncountries through practical measures such as enhancing business links.<\/p>\n\n\n\n<p>As the strategic dynamics of\nthe neighbourhood change shape, the case for deepening Queensland\u2019s\nAsia-Pacific engagement has never been stronger. Queensland\u2019s engagement with\nthe economies of ASEAN has produced some key successes, but certain gaps still\npersist. Through soft power initiatives and sustained investment in cultural\nand gender diversity to better navigate the region\u2019s nuanced business and\npolitical landscapes, government and industry leaders can deepen Queensland\u2019s engagement\nwith its Asia-Pacific neighbours. <\/p>\n\n\n\n<p>Changing climate\nconditions will disrupt existing supply chains, but will also create new\nopportunities for innovative product development and delivery. This is where\nthe private sector has an increasingly important role to play in delivering\neffective and robust climate adaption strategies. Thinking ahead in this space\nwill see many businesses working in partnership with governments and the public\nto develop stronger, more resilient and equal communities and economies.<\/p>\n\n\n\n<p>The rise of authoritarian\npolitics, human rights concerns and corruption are worrying features of\nSoutheast Asia\u2019s rule of law landscape. Australian businesses operating in the\nregion need a richer understanding of local rule of law to better navigate commercial\nand regulatory environments. With the Australian business community eager to increase\ninvestments in the region, it will only become more important for the\nAustralian private sector to actively support a more robust rule of law in the\nregion.<\/p>\n\n\n\n<p>Across the Asia Pacific\nthe need to invest in water governance is critical for environmental and\neconomic security. By 2050, it is\nestimated that up to 3.4 billion people could be living in water-stressed areas,\ngiven the projected increases in water demand for food production, domestic\nsupply, manufacturing and electricity production. Growing concerns about the environmental and social costs of water\npollution and over-allocation will undoubtedly stimulate further demand for\nAustralian expertise over the coming decade and open up new opportunities for\nprivate-sector investment in on-ground water governance projects.\n\nBy publishing this report, we hope to offer fresh perspectives on the\nneighbourhood and generate deeper conversations about Australia\u2019s place in the region\nto inform policy and decision-makers of how to best respond to developments in\nthe neighbourhood.\n\n\n\n<\/p>\n\n\n\n<hr class=\"wp-block-separator\" \/>\n\n\n\n<p>Please click here to access the <a href=\"https:\/\/www.griffith.edu.au\/__data\/assets\/pdf_file\/0027\/870840\/State-of-the-Neighbourhood-2019-web.pdf\">State of the Neighbourhood<\/a> report 2019.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The 2019 State of the Neighbourhood\u00a0report, launched in conjunction with CEDA\u2019s \u2018The Neighbourhood Forum\u2019 in Brisbane on 11 October, draws on expertise from the Griffith Asia Institute\u2019s industry and academic partners. The report hones in on topics of significance for Australia and its neighbourhood, to provide an overview of the region\u2019s key foreign, economic and<a href=\"https:\/\/testblogs.griffith.edu.au\/asiainsights\/australias-key-foreign-economic-and-development-issues-from-a-queensland-perspective\/\">Continue reading <span class=\"sr-only\">&#8220;Australia\u2019s key foreign, economic and development issues from a Queensland perspective&#8221;<\/span><\/a><\/p>\n","protected":false},"author":14,"featured_media":6463,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_lmt_disableupdate":"","_lmt_disable":"","jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_newsletter_tier_id":0,"footnotes":""},"categories":[233],"tags":[],"class_list":["post-6462","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-feature-series"],"acf":[],"modified_by":null,"yoast_head":"<!-- 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