Country-based enterprises support growth and diversification of local Indigenous economies in the Northern Territory

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Publication TypeResearch BriefAbstractIndigenous people’s assets in the form of land, water, and sea, along with related local knowledges, skills and culture, offer considerable potential for Country-based economic development. Indigenous residents of the Northern Territory (NT) have already pioneered the now significant industries of Indigenous land and sea management (Indigenous rangers), art, and the carbon market. It is projected that these three industries will continue to expand, both in terms of geographic scope and economic value. However, they remain insufficient in terms of provisioning livelihoods for the majority of Traditional Owners in the NT. There remains considerable latent potential for diversified economic development from Country-based assets. In this brief we provide an overview of some Country-based enterprise opportunities in the sectors of nature-culture based tourism, commercial wildlife harvesting, biodiversity and threatened species management, and the newly emerging sector of 'impact investing'. Indigenous people in the NT can leverage their competitive advantage through Country-based enterprises to produce diversified local economies and locally relevant jobs as well as enhancing the resilience of local social-cultural-ecological systems.AuthorAustin, B.J.Garnett, S.T.Robinson, C.J.Publication CollectionNorthern Institute Research BriefsAlternative CollectionTerritory Economic SummitsIssue7Suggested CitationAustin, B.J., Garnett, S.T., & Robinson, C.J. (2017). Country-based enterprises support growth and diversification of local Indigenous economies in the Northern Territory. Research Brief [Informing the Territory Economic Summits], 07/2017. Darwin,
NT: Northern Institute, Charles Darwin University.ContactBeau Austin beau.austin@cdu.edu.au|Stephen Garnett stephen.garnett@cdu.edu.au|Cathy Robinson cathy.robinson@cdu.edu.auISSN2206-3862PublisherNorthern Institute, Charles Darwin UniversityPlace of PublicationDarwin