economics assessment 2 finallll sujata.doc - Sujata Sharma...

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Sujata Sharma kc - 18462180 The development in economic prosperity is vital as lack of it bears an impact on the social status of an individual and also contributes to the denial of participation in economic and social activities. Australia has witnessed a reduction in employment rate among the indigenous people and particularly Torres Strait Islanders and Aboriginal. In 2008, the employment rate among people ages between 15-65 years reduced from 53.8% to 47.5% recorded in 2012-13 fiscal year. On the contrary, the employment rate of non-indigenous people rose to 75.6% from 75% during the same period. The employment gap between non-indigenous and indigenous people expands by 6.9 points during the same period (Rudd & Australia.Department of Families, 2010). This was a 28.1% increase from earlier 21.2 percent. The essay aims to investigate the causes of these disparities explicitly while offering a critical assessment of the ideal recommended economic policy and approach to address the huge gap in unemployment. To this regard, increased government spending targeting the economic as well as social life activities will assist the present government on track in sharing employment among the indigenous population. The evidence from social and economic historical accounts of the annexation of the indigenous people is the primary cause of their current predicaments. An intrusion into the colonized region by the colonizing crowd in 1788 resulted in destruction of their social and economic structures. For instance, during the time of colonization, the indigenous population was deprived of their farms a crucial factor of production which during those years and even currently aids in unraveling the potential of the people through farming activities. To add to colonization problems that add to the current low level of prosperity among the indigenous population in Australia is the next government usage of the political mechanism (Hinton & (Australia), 2010). For instance, denial by the government to empower this group while considering them as idiots and similar to children further made it complex their potential to take part economic and social activities of Australia. For instance, in current years, the indigenous population has encountered financial extortions from the regime and excess inspection on transparency and accountability of Aboriginal institutions. This together with the even threat for their independence has deprived them of a chance to advance their prosperity.
Sujata Sharma kc - 18462180

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