Australia’s Future
The economic future of Australia is complex. Though tourism has become a viable means of providing income, Australia must import manufactured products that it does not produce locally, including electronic goods, computers, and automobiles. Import dependence has increased its trade deficit. Trade agreements and protectionism have become a part of the economic puzzle of how to sustain a competitive standard of living. Australia is located next to the Asian realm. Its economy, culture, and future are becoming more Asian. Immigration has been an issue in that the government has always restricted immigration to ensure a European majority. Millions of Asian people would like to migrate to Australia to seek greater opportunities and advantages, but they are legally restricted. It is becoming more difficult for Australians to hold to their European connections with such an Asian presence. How the country will handle this situation in the future will prove interesting.
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