Australia's ageing population, low birth rates and a need to maintain growth in the economy all point to one thing. Our immigration policy needs to be carefully designed to place us in the best position for the next stage of globalistation - when immigration becomes critical to the 1st world. Throughout the world, developed nations face the same problem as Australia - and are our competition when trying to attract skilled migrants and their families to our shores.
We should be focusing on attracting increasing amounts of skilled and educated migrants from developing nations such as India and China - couple this with increased investment in skills development in Australia and we have the engine for continued growth.
Our economy in general should start taking a middle to long term view of the world economy and start preparing for the emergence of India as an economic superpower. We are catering well to the Chinese, but India's population does not have the ageing issues that China has. India will not get old before it gets rich - China will. Closer political and economic ties built now will deliver benefits when India emerges in 20 - 30 years.
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