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1 Introduction A larger population generally results in a larger economy Source httpwwwaphgovaulibrarypubsrn2003-0404rn46htm It is for this reason that immigration plays such a key role in developing Australias 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 Australias 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 httpwwwaphgovaulibrarypubsrn2003-0404rn46htm 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 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 21 Economically When analysing an economy an integral reference point is its Gross Domestic Product GDP Currently Australias 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 Australias 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 GDP is one of the many advantages that immigration provides the Australian economy Although it is argued that
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