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Abstract
DRAFT Australia's Resources Supporting Economic Growth in the Nation and the Region Paul J Kay Geoscience Australia A new book on Australia's geology viewed through the lens of human activity has been prepared by Geoscience Australia for the 34th International Geological Congress (IGC). Geological factors influencing the nation's recent economic development make up one chapter of the IGC book. Australia's long geological history, fringing passive margins, limited recent deformation and overall landscape stability has formed and preserved a vast quantity of high quality bulk commodity resources. The nation's educated workforce, system of government and legal framework has provided a sound, stable foundation allowing the geological legacy to be utilised through a large export industry for societal and national benefit. The bulk resources of coal, iron, aluminium and liquefied natural gas (LNG) account for more than 50 percent of Australia's export earnings, sustaining the nation's economic success and the lifestyle of the Australian people. Mining has been a cornerstone of the Australian economy since the 19th century gold rushes and importance the resources sector has increased markedly since the mid 20th century, largely a consequence of accelerating export income from the bulk commodities. The industrialisation of Asia has provided the demand, driving infrastructure investment in remote regions of Australia. Advances in technology combined with massive economies of scale and sound public policy have enabled access to the resource and helped to satiate the growing regional market. Responding to changes in the existing status quo, be they trade or societal, will require ongoing interactions between the geosciences and other disciplines to maintain and improve Australia's standard of living.
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nonGeographicDataset
eCat Id
73619
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Cnr Jerrabomberra Ave and Hindmarsh Dr GPO Box 378
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- External PublicationAbstract
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- economic geology
- Australian and New Zealand Standard Research Classification (ANZSRC)
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- Earth Sciences
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- Published_Internal
Publication Date
2012-02-15T00:00:00
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geoscientificInformation
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