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Australia has avoided recession because of its resource industries.
Long-term economic growth, however, can no longer come from the natural resource industries.
Even local resource industries such as cork and fishing are struggling.
Struggle came when other ports rose, dams were built and resource industries faded.
At the same time, Reid's record with regard to natural resource industries is far from pristine.
The term "rent" is used to describe profits from natural resource industries.
Similar(11)
Mining has been the principal nonrenewable resource industry of the territories.
"But that just puts out a welcome mat, particularly to the natural resource industry of coal, oil and gas".
It's an anti-science view where the environment is to be exploited by the resource industry.
Where there is an economic incentive to extract more of a resource, industry has a long history of developing technology to do it.
FINANCIAL TIMES Hostile Mining Deals Possible | Armed with plenty of cash but few options for new assets, the resource industry could be gearing up for some hostile deals.
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CEO of Professional Science Editing for Scientists @ prosciediting.com