USQ backs call for 'Game-Changing' approach
As we all know, the higher education sector plays an important role in building a prosperous nation and the time has come for all Australians to recognise the important work being done by universities.
Here at USQ the good work we are doing gives back to our communities in countless ways. Not only are our researchers world renowned for their work in climatology, agriculture, the environment and regional resilience, our research outcomes are directly influencing what we teach and how we understand what matters.
Today, USQ backed a new call for a ‘game changing’ national investment strategy to kick start Australia’s place as a world leading research and innovation hub. The university sector’s pre-election policy blueprint, Keep It Clever, was released today by peak body Universities Australia.
The Keep it Clever campaign includes early data from compelling new Deloitte research that confirms how crucial the university sector is to Australia’s prosperity. It finds:
- University education added an estimated $140 billion to our economy in 2014. Australia’s GDP is around 8.5 per cent higher due to the impact of university education on productivity.
- The value of the stock of knowledge generated by university research was estimated at $160 billion in 2014. This is equivalent to almost 10 per cent of our GDP and exceeds the entire value of Australia’s mining industry.
- 3.8 million new skilled graduates will be needed for the knowledge.
With 40 per cent of existing jobs tipped to disappear within two decades, university education and research – and stronger collaboration between industry and university researchers – will be vital to generate new jobs, new industries and new sources of income for Australia. To remain competitive, our workforce will demand more qualified graduates, an economy that will rely on the creation of new companies, industries, jobs and opportunities that can only come from a strong university sector.
Regional universities like USQ will be standing firm with the national campaign to bolster an urgent need to invest in research, skills and ingenuity to transform our industries – and create and fill the jobs of the future. I will provide updates about the campaign as we move forward.
Professor Jan Thomas
Vice-Chancellor & President
USQ staff can read the full article, Calls for overhaul of regional higher education policy on our SharePoint site - click here.