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Premier David Bartlett has told the Tasmanian business community it is time to draw a line over the stellar economic growth of the past 10 years and start planning and acting for the next decade.
“If the last 10 years was about getting the fundamentals right, the next 10 needs to be about connecting Tasmania to a modern 21st Century global economy.
“Such an economy will be characterised by innovation within existing and emerging sectors, by skills and by much higher levels of educational standards.
“We know from OECD figures that for every year we add to the average level of school attainment for Tasmanian youth, we will add 8 per cent to productivity and up to 2 per cent of Gross State Product,” Mr Bartlett said.
The Premier acknowledged there would be key challenges to overcome such as climate and demographic change.
“The challenge for business and Government is to respond, adapt and innovate.”
The Government is looking to work with the Tasmanian business community and cabinet over the coming weeks and months to develop three key strategies aimed at securing Tasmania’s economic future.
“The Government is already working with the business community on a Tasmanian Skills Strategy which will be released later this year.
“The framework has been built around three primary drivers operating in all economies - population, participation and productivity.
“I am also committed to creating a comprehensive Innovation Strategy.
"Such a strategy would identify opportunities available to us through an increased investment in innovation in both traditional sectors of economic strength and emerging sectors.
“A Ten Year Infrastructure Strategy is the third piece of the puzzle. For Tasmania to realise its full potential there needs to be billions of dollars invested in new infrastructures.
“I see the development of a competitive broadband market as central to the future of the Tasmanian economy as hydro industrialisation has been to our past.
“It is also crucial we invest in new irrigation and water storage systems to make the most of our natural advantages.
“Development of low emission flexible transport systems must also feature prominently,” Mr Bartlett said.
“These three key strategies in skills, innovation and infrastructure will underpin our economic direction for the next decade.
“What we have is an exciting challenge that will determine the quality of life of future generations of Tasmanians. It’s a challenge this Government is ready, able and willing to take on. ”
“If the last 10 years was about getting the fundamentals right, the next 10 needs to be about connecting Tasmania to a modern 21st Century global economy.
“Such an economy will be characterised by innovation within existing and emerging sectors, by skills and by much higher levels of educational standards.
“We know from OECD figures that for every year we add to the average level of school attainment for Tasmanian youth, we will add 8 per cent to productivity and up to 2 per cent of Gross State Product,” Mr Bartlett said.
The Premier acknowledged there would be key challenges to overcome such as climate and demographic change.
“The challenge for business and Government is to respond, adapt and innovate.”
The Government is looking to work with the Tasmanian business community and cabinet over the coming weeks and months to develop three key strategies aimed at securing Tasmania’s economic future.
“The Government is already working with the business community on a Tasmanian Skills Strategy which will be released later this year.
“The framework has been built around three primary drivers operating in all economies - population, participation and productivity.
“I am also committed to creating a comprehensive Innovation Strategy.
"Such a strategy would identify opportunities available to us through an increased investment in innovation in both traditional sectors of economic strength and emerging sectors.
“A Ten Year Infrastructure Strategy is the third piece of the puzzle. For Tasmania to realise its full potential there needs to be billions of dollars invested in new infrastructures.
“I see the development of a competitive broadband market as central to the future of the Tasmanian economy as hydro industrialisation has been to our past.
“It is also crucial we invest in new irrigation and water storage systems to make the most of our natural advantages.
“Development of low emission flexible transport systems must also feature prominently,” Mr Bartlett said.
“These three key strategies in skills, innovation and infrastructure will underpin our economic direction for the next decade.
“What we have is an exciting challenge that will determine the quality of life of future generations of Tasmanians. It’s a challenge this Government is ready, able and willing to take on. ”
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