Rajaraja Chola
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Australia has a small population, yet they have one of the largest economies in the world. It is quite remarkable.
Australia and Germany are the two Western nations that the others should learn from, they are outperforming all the other Western economies by a significant margin.
Yes, they have small population but have the world's largest reserves in coal, iron, Mg, Gold Uranium and what not?
Their Economy runs very much on raw materials !! Without that, economy will be very less !! Much like Saudi Arabia they are !!
They have an economy which is resource based .. Just like Saudi Arabia.. When the resources runout or demand falters .. Then it will be interesting to see what happens
Australia have understood this population probelm !! Thats y u me or any other can get an easy VISA to Australia !!
They want to increase the population to make it a industrial economy, which have shown limited success till now !! But in next 30 years or so, this might prove successfull !!