What the world can learn from Australia

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Sydney Opera House.  Australia is the new Mecca for people trying to find a new home

Source: Economist

By Zanny Minton Beddoes, Editor-in-Chief

Our cover this week holds out Australia as an example for the world. Rising incomes, low public debt, an affordable welfare state, popular support for mass immigration and a broad political consensus: in most of the rich world such blessings are a distant dream, in Australia they are a proud reality. The country has been growing for 27 years without a recession. The public finances are in excellent long-term shape. Half of Australians are either immigrants or the children of immigrants. What is Australia’s secret?

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