The Global Financial Crisis, precipitated by the sub-prime crisis in the US and caused by the unregulated global trade in credit default swaps, has left companies, financial institutions and national economies across the world vulnerable if not insolvent. The Australian and South Australian economies are not immune to the negative effects of the global economic downturn, with the national economy set to enter into recession and the state economy not expected to escape unscathed. While there is some hope that South Australia will escape the worst of the downturn, higher levels of unemployment and lower levels of economic activity can be expected in the medium term.
Robust policy initiatives that recognise the continuum from education and training opportunities to employment (and ultimately broader social participation), will represent investment in a sustainable future and a reinvigorated economy for South Australia.
Visit the Box File in the sidebar to download the Social Infrastructure Principles Paper, and also the Fact Sheet.