Bishop shows capital vision

Federal Member for Curtin Julie Bishop shows more foresight than some other Federal Parliamentarians by recognising the importance of capital cities, according to Property Council executive director Joe Lenzo.

Mr Lenzo’s comments came after an address by Ms Bishop on Capitol Hill, Capital Markets, Capital Cities to members of the Property Council in which she stated: “The cities of the world are taking over as interconnected hubs of capital, of production”.

Mr Lenzo said: “Current debate suggests a division between the bush and cities. In fact, they depend upon each other for success.

“The absence of Federal Cabinet Ministers from a recent two day capital cities conference was disappointing, given the importance of cities to all Australians as economic powerhouses.

“The conference highlighted the need for an integrated approach to capitalise on opportunities that the globalized economy presents,” Mr Lenzo said.

Ms Bishop said Perth had the opportunity to become a significant global city because of its lifestyle, stable political environment and skilled labour force.

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