Australia's regions are vital to the national economy, cultural identity and environmental amenity. They produce the bulk of our exports and are home to roughly a third of our population. Importantly, the economies of our regions and cities are co-dependent and linked through economic, cultural and social ties. Therefore, the performance of a single region can have a significant impact on the performance of the nation as a whole, meaning that regions are crucial to Australia's national prosperity.
The Regional Economic Development Guide (the Guide) has been developed as a tool for generating ideas and initiatives to promote development within Australia's regions. It promotes a common understanding for considering regional issues, challenges and opportunities through reliable information and comprehensive analysis. Approaching regional development issues through a shared perspective can further streamline the generation and implementation of initiatives targeted towards enhancing regional economies.
For Regional Development Australia (RDA) committees, the Guide complements the Regional Plan template and provides greater context and detail for concepts outlined in the template.