Mitigating Market Failure

While certain schools and private/community initiatives have attempted to mitigate this market failure, it clearly does not go far enough to raise the supply of or demand for Asian language and studies courses. The mitigation of market failure must ultimately fall on the shoulders of the Government. Employment of Government instruments and measures is not unrealistic given the Australian Government’s leadership in solving the demand/supply of language and cultural studies.

The Australian Government has played an instrumental role in spearheading and facilitating language and cultural education, taking proactive steps in developing national guidelines and expectations, incentivising States/Territories and schools to devise initiatives through national funding schemes, fostering professional training for teachers, providing resources, and ensuring there is a diversity of Asian languages. For a summary of Australian Federal initiatives taken to enhance Asian studies and languages in schools, click on the table below.