1. Introduction
A larger population, generally results in a larger economy (Source: http://www.aph.gov.au/library/pubs/rn/2003-04/04rn46.htm). It is for this reason that immigration plays such a key role in developing Australia's economy and transforming it into a world power. Immigration possesses not only economic advantages, but socially rewarding changes for those countries who are accepting of migrants in what has been termed, "the age of migration". Australia's long experience as a 'country of immigration', especially during the post-Second World War era, has given Australia an almost unique capacity not only to cope with new migration pressures but also to develop policy and program approaches which maximise the benefits of immigration (Source: http://www.aph.gov.au/library/pubs/rn/2003-04/04rn46.htm). If immigration policies are developed in an effective manner, the advantages this can have on an economy are enormous. This analysis will examine whether Australia has implemented such policies effectively and if so what affect this is having on the economy.
Gross domestic product growth in the advanced econ...
Quarterly Gross Domestic Product (year-on-year gro...
English: World GDP growth rate and GDP growth rate...This analysis will take form under the following sub headings:
The value of immigration to Australia
The composition of migrants who venture to our country
Current government immigration policy
Impact on current economic conditions
Long vs. short term implications
Optimum population level
Current issues Australia faces regarding immigration
2. Value of immigration to Australia
2.1 Economically
When analysing an economy, an integral reference point is its Gross Domestic Product (GDP). Currently, Australia's GDP totals approximately 600 Billion dollars. Migrants and children of migrants have accounted for almost 60% of GDP growth since the conclusion of World War II (Source: Year Book Australia, 2003). If not for migrants, Australia's economy may be as little as one half the size it is today (Source: Year Book Australia, 2003). This growth can be attributed to an increased workforce, larger tax paying group and larger and more diverse industries. A substantial increase in...