AustraliaEssay Preview: AustraliaReport this essayAustraliaAustralia, to many, is known as a “classical country of immigration.” All but about 300,000 of the approximate 20,305,486 in Australia descended from immigrants who originally arrived with a settlement of British convicts in 1788. In July of 2001 Australias population consisted of approximately 92% Caucasian, 7% Asian, and only 1% Aborigine.(native Australian). Australia has an estimated net gain of one international migrant every 4 minutes and 9 seconds. As of September of 1999 there was an approximated total of 53,143 illegal immigrants, over staying their welcome. After World War II, an immigration program was introduced with an aim of bringing mainly British immigrants to Australia. The majority of immigrants however, wound up coming from Eastern and Northern Europe, and then Southern Europe in the 1950s and 60s. Once into the 1970s Australia began to see an all new wave of immigrants taking a stand in their new grounds. This new group, still the predominant immigrants to the country of today, made their journeys from the Middle East, Latin America and Asia (where over half of todays immigrants to Australia come from). The high numbers of migrants into Australia has helped in more ways than its hurt. There has been a higher number of people coming into the country with a high skill level than low skill level. This has produced a higher working rate and helped the economy a lot.
Many economists follow the opinion that migration has had a more dynamic and expansionary on Australias Economy. On the other hand there are the fair share that have said Australias population would undoubtedly see better days with a lower level of migration into the country. It is said immigration is increasing unemployment, making a worse balance of payments, puts strain of public affairs and aided in the slowing down of labor-saving investments. The official Bureau of Immigration, have done what they can to examine the issues in migration to Australia and fix them. All in all, immigration has been labeled as neutral or slightly positive as far as effectiveness on a macro economic level.
We believe that while there are very good reasons to say that Australia is at a different stage of development from any OECD country, there are also reasons to disagree.
Firstly the fact that many of us live in countries with high immigration is a huge reason for this. However we are talking about Australia now, not an island so much as a vast continent. Indeed a similar demographic change occurred much more in Europe and Asia than the rest of the world. I also think there have been a lot of factors that contributed to this, such as higher birth rates and higher average population sizes.
In general, the main reason is so that there are so many different factors that, while not always obvious, would provide an opportunity for people to think more critically about the situation.
Secondly we are talking about these countries with high poverty. A lot of us here in Australia and around the world, I get it, have never had a decent standard of living, because of all the other factors that are involved. If we are honest about the situation, then what we would say is there are some other factors that are affecting the situation. I have been asked to write down some of these and my analysis reveals a very good picture how poor Australian people are.
As many of us all know the great recession of 2006, which began very little over 12 months in many Asian countries – many of them having a relatively high population density, but very little economic activity etc. were also taking place in Australia and around the globe. In fact Australia was once a very prosperous country, until very recently, with a really high share of foreign capital and a very large foreign exchange reserves. All of these things happened to drive the share of foreign capital overseas to 10-20% which put a huge impact on our national budget deficits. As a result, we experienced a recession, but for a long time it was in an isolation, while we were able to grow our economy. But on paper, during our own time in this recession, we got back to where we were when we were once our economic backstretch.
The other thing about the growth rate is that it has been a very good result. We are now in a recession, but we have regained some of our growth and many of these other people have also experienced a rebound in the growth rate. If those other people had been able to have more of their money in government funds, then we might have had to go back to where we were years ago. Also, if Australia was successful at that, then we might have had the financial stability to go back to the economic stability that, for example, it experienced the global financial crisis of 2009. When we made a big shift away from a big foreign-currency growth, which we have been able to enjoy in the past, the economic stability we are experiencing is very good. For example, that could have been the case just a year ago. The fact that we are actually seeing a rise in foreign investment and we have the right kind of capital for that means that we are able to have a large number of foreign-trade centres at our disposal, because of all of the investment we are doing. For example, Australia made a significant push towards buying up large investments we’ve made in the South China Sea which is part of the new security strategy. So now we are actually making real investments overseas, in a number of industries including oil and gas. And we have also made significant investment in our tourism industry, when it became our priority, which we always have. All these other things happen over time and we had to be careful to make sure that we made that investment even within the context of an existing financial crisis as well as international crisis. That means that when the end of the current debt crisis comes, we have to be very careful that we do it in a very carefully structured way and it doesn’t fall to us to do it as an orderly way. We have to take advantage of that, as many of our competitors have done, of the fact that we don’t have the same kind of financial stability and so there is really no way that we can maintain that. There is definitely a danger we have to think about doing that and make sure that we are doing it with a sound financial management, and we don’t need to pay these people in the long-term debt of the country because that is a very good investment that they can make without being forced to take loans or having to pay out of their own pockets. It is not that there isn’t a risk that they will not make more money, it is just that there is a greater risk of being forced to borrow elsewhere. So it would be prudent to do those things. In every country that is at any given time experiencing a major financial crisis, we can afford to invest. There is a huge amount of resources, a lot of cash, that needs to be invested, and it’s been very hard to raise our own funds because we are not taking all the risks. But in general, even with a financial disaster, we can afford to do that. So the issue that we have to talk about very carefully is: Why do we need to raise all of this risk when we have to borrow and put in debt and put in a lot of assets for a significant amount of time? One option we can consider a different approach is using loans
The first and most glaring reason is that immigration is a way of life which has always been good for us. It can contribute to our health in the long run. Many people I have known that came here have now started working again in the local economy. In other words we were quite good at managing our own economy and it seemed beneficial to them to live in Australia and that brought us to a point where we do not have to go abroad and it was not a problem for everyone. However, there is a huge problem with Australia, the high number of people who travel out there each year. It can
We believe that while there are very good reasons to say that Australia is at a different stage of development from any OECD country, there are also reasons to disagree.
Firstly the fact that many of us live in countries with high immigration is a huge reason for this. However we are talking about Australia now, not an island so much as a vast continent. Indeed a similar demographic change occurred much more in Europe and Asia than the rest of the world. I also think there have been a lot of factors that contributed to this, such as higher birth rates and higher average population sizes.
In general, the main reason is so that there are so many different factors that, while not always obvious, would provide an opportunity for people to think more critically about the situation.
Secondly we are talking about these countries with high poverty. A lot of us here in Australia and around the world, I get it, have never had a decent standard of living, because of all the other factors that are involved. If we are honest about the situation, then what we would say is there are some other factors that are affecting the situation. I have been asked to write down some of these and my analysis reveals a very good picture how poor Australian people are.
As many of us all know the great recession of 2006, which began very little over 12 months in many Asian countries – many of them having a relatively high population density, but very little economic activity etc. were also taking place in Australia and around the globe. In fact Australia was once a very prosperous country, until very recently, with a really high share of foreign capital and a very large foreign exchange reserves. All of these things happened to drive the share of foreign capital overseas to 10-20% which put a huge impact on our national budget deficits. As a result, we experienced a recession, but for a long time it was in an isolation, while we were able to grow our economy. But on paper, during our own time in this recession, we got back to where we were when we were once our economic backstretch.
The other thing about the growth rate is that it has been a very good result. We are now in a recession, but we have regained some of our growth and many of these other people have also experienced a rebound in the growth rate. If those other people had been able to have more of their money in government funds, then we might have had to go back to where we were years ago. Also, if Australia was successful at that, then we might have had the financial stability to go back to the economic stability that, for example, it experienced the global financial crisis of 2009. When we made a big shift away from a big foreign-currency growth, which we have been able to enjoy in the past, the economic stability we are experiencing is very good. For example, that could have been the case just a year ago. The fact that we are actually seeing a rise in foreign investment and we have the right kind of capital for that means that we are able to have a large number of foreign-trade centres at our disposal, because of all of the investment we are doing. For example, Australia made a significant push towards buying up large investments we’ve made in the South China Sea which is part of the new security strategy. So now we are actually making real investments overseas, in a number of industries including oil and gas. And we have also made significant investment in our tourism industry, when it became our priority, which we always have. All these other things happen over time and we had to be careful to make sure that we made that investment even within the context of an existing financial crisis as well as international crisis. That means that when the end of the current debt crisis comes, we have to be very careful that we do it in a very carefully structured way and it doesn’t fall to us to do it as an orderly way. We have to take advantage of that, as many of our competitors have done, of the fact that we don’t have the same kind of financial stability and so there is really no way that we can maintain that. There is definitely a danger we have to think about doing that and make sure that we are doing it with a sound financial management, and we don’t need to pay these people in the long-term debt of the country because that is a very good investment that they can make without being forced to take loans or having to pay out of their own pockets. It is not that there isn’t a risk that they will not make more money, it is just that there is a greater risk of being forced to borrow elsewhere. So it would be prudent to do those things. In every country that is at any given time experiencing a major financial crisis, we can afford to invest. There is a huge amount of resources, a lot of cash, that needs to be invested, and it’s been very hard to raise our own funds because we are not taking all the risks. But in general, even with a financial disaster, we can afford to do that. So the issue that we have to talk about very carefully is: Why do we need to raise all of this risk when we have to borrow and put in debt and put in a lot of assets for a significant amount of time? One option we can consider a different approach is using loans
The first and most glaring reason is that immigration is a way of life which has always been good for us. It can contribute to our health in the long run. Many people I have known that came here have now started working again in the local economy. In other words we were quite good at managing our own economy and it seemed beneficial to them to live in Australia and that brought us to a point where we do not have to go abroad and it was not a problem for everyone. However, there is a huge problem with Australia, the high number of people who travel out there each year. It can
Population and immigration issues are not the only ones bruising the skin of Australian economy. In Australias 7,686,850 square kilometers of land, 24,000 km of it is irrigated. In their irrigated land, Australia has suffered the common problems of soil erosion from over grazing, industrial development, urbanization and poor farming practice. Australia is the worlds smallest continent but sixth largest country. You can find most of the countrys population packed into the eastern and southeastern coasts. A lot of Australias more important geographic features you will find are barely populated, if at all. The Darling/Murray River System starts with the Darling river, 1,160 miles in length flows from the Great Dividing Range, southwest into the Murray River. The Murray River heads into the Australian Alps and makes its way 1,200 miles to the Spencer Gulf. Being the longest river located in Australia it is the countrys main source of irrigation and one of the most important geographical features to the countrys economy. Some other places of interest found in the depths of the down under are a few of its deserts which stretch across the sparsely populated “outback”. A few of these deserts go by the names of The Gibson Desert, The Great Sandy Desert, the Great Victoria Desert, The Tanami Desert, and the Simpson Desert. Of the deserts listed, the smallest youll find is the Simpson, which is still a large 56,000 square miles. The largest of the list would be the Great Sandy Desert. Its 150,000 square miles covers most of Western Australia, leaving this portion of the country rather arid and unfamiliar with much life. Looking into perhaps a slightly wetter side of geographic Australia, one may find interest in the Shark Bay which is recorded as one of only fourteen spots on the entire planet that meets all four natural criteria for World Heritage Listings. These would include the following: outstanding examples of the earths evolution, biological and ecological processes,