Structural adjustment has been and continues to be a large part of the discussion of rural and regional Australia. Over recent decades major adjustment drivers such as government policy and reforms, and other non-policy drivers such as market or environmental conditions and technological advancements, have influenced the way that individuals, businesses, industries and regions operate.
This report investigates structural adjustment primarily from a policy perspective, providing lessons for decision-makers. It applies a three-step framework which identifies:
- The nature of structural adjustment
- The role of government
- Adjustment outcomes from past experiences, to develop insights on how to better approach structural adjustment issues in the future. In this regard, the report may also be of interest to a wider audience concerned with structural adjustment, including regional stakeholders.