Migration

While quotas may seem like an easy fix for Australia's international student influx, a dynamic fee-based system would more efficiently balance demand, distribute benefits equitably, and avoid the perverse incentives of arbitrary caps.

Australia has a long and successful history of immigration. Migrants contribute economically, help fill labour shortages, improve the country’s demographics and provide important cultural diversity. But as countries like Sweden have learned, migration can also present significant challenges. For example, last week independent economist Chris Richardson claimed that “we’