Can Regional Australia Make it in Asia? – A forum by the Regional Australia Institute
Three years after the launch of the Asian Century White Paper and much longer since we began the discussion, we should ask – can regions and regional industries realise the opportunity of the Asian Century?
The Regional Australia Institute’s forum Can Regional Australia Make it in Asia? is a chance to gain practical advice frominternational experts about how regions can make the most of Asia’s economic expansion. A panel discussion will provide you with tools to help you enunciate the specialisations your regions can pursue to grow and engage with international markets, particularly in regards to tourism, agriculture or manufacturing. Experts will also discuss how to practically engage with Asian investors and take advantage of international market opportunities.
This forum is ideally suited to people who want to be actively involved in making the most of their opportunities in the Asian Century.
Professor Henry Yeung, National University of Singapore
In this presentation Professor Yeung will focus on one of the most critical issues in contemporary regional development – value capture in a world of globalising economic activity.
Drawing upon his recent research work on global production networks, Professor Yeung examines the ultimate driving mechanism for regional economic development in the contemporary era: the insertion or plugging-in of firms into global production networks. This analysis requires us to go beyond the conventional wisdom of industrial upgrading to chart diverse value capture trajectories.
Professor Yeung’s dynamic view of regional development allows us to think of regional development as an evolving process of shifting trajectories in a world of global production networks. In particular, he will discuss different modes and types of regional strategic coupling with global production networks and their implications for shaping regional development trajectories.
While regional strategic coupling with global production networks has a strong and direct influence on regional development, this influence is not always positive. There may be negative consequences from strategic coupling, also there may be conflicting logics between global production networks and regional economies. Under either scenario it becomes clear that the dynamics of strategic coupling will shift towards decoupling, with the subsequent possibility of recoupling into different and perhaps more appropriate global production networks. He will also touch on some implications for regional policy and practice.
Carlo Gianelle, European Commission
Australia needs to more clearly enunciate the specialisations that different regions can pursue to grow and engage with international markets.
Mr Gianelle will discuss how European regions are using the smart specialisation approach to define their areas of opportunity and mobilise local institutions and firms in their pursuit.
His session will also discuss how to apply these techniques in smaller cities or less populated regions as well as give examples of specialisation approaches in tourism, agriculture or manufacturing. Mr Gianelle will also comment on the national policy approaches that could be adopted to support smart specialisation and the role that regional leaders need to take in this process.
Cr. Col Murray, Tamworth Regional Council
Cr. Murray’s presentation will provide a practical regional perspective on engaging with Asian investors and international market opportunities from the perspective of the Namoi region and Tamworth.
Cr. Murray will discuss his own experiences and his views on how regional leaders can deliver benefits through leading international engagement.
To be part of the audience at this not-to-be-missed industry event, book your tickets now.