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Niche Markets, Regional Diversification and the Reinvention of Western Australia's Sandalwood Industry

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  • Matthew Tonts
  • John Selwood

Abstract

Diversification and niche marketing have become very important economic strategies for many rural small businesses, farmers and communities. As part of these strategies, new opportunities often emerge for traditional products and industries. In the case of Western Australia, this has contributed to the revitalisation of the sandalwood industry. While sandalwood has been exported from Western Australia for more than 150 years, for much of the second half of the twentieth century it was of little economic significance. In recent years, however, the industry has become increasingly entrepreneurial, successfully marketing its products into niche markets in the global economy. For farmers and communities in rural areas, the revitalisation of the sandalwood industry has also provided opportunities for economic diversification and a profitable way of tackling land degradation.

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  • Matthew Tonts & John Selwood, 2003. "Niche Markets, Regional Diversification and the Reinvention of Western Australia's Sandalwood Industry," Tijdschrift voor Economische en Sociale Geografie, Royal Dutch Geographical Society KNAG, vol. 94(5), pages 564-575, December.
    • Handle: RePEc:bla:tvecsg:v:94:y:2003:i:5:p:564-575
    DOI: 10.1046/j.1467-9663.2003.00283.x
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    Cited by:

    1. Claudia Werker, 2006. "An Assessment of the Regional Innovation Policy by the European Union based on Bibliometrical Analysis," Papers on Economics and Evolution 2006-11, Philipps University Marburg, Department of Geography.
    2. Ashfield, A. & Wallace, M. & Crosson, P., 2014. "Economic comparison of pasture based dairy calf-to-beef production systems under temperate grassland conditions," International Journal of Agricultural Management, Institute of Agricultural Management, vol. 3(3), pages 1-12.
    3. Marion Hercock, 2004. "The Wild Kangaroo Industry: Developing the Potential for Sustainability," Environment Systems and Decisions, Springer, vol. 24(2), pages 73-86, June.
    4. Jeremy Northcote & Abel Alonso, 2011. "Factors underlying farm diversification: the case of Western Australia’s olive farmers," Agriculture and Human Values, Springer;The Agriculture, Food, & Human Values Society (AFHVS), vol. 28(2), pages 237-246, June.

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