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Australian Economist Proposes Selling Visas to Boost Economy

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2011-09-19

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An Australian economist claims his country should capitalize on its attractiveness to migrants by auctioning off permanent residence visas.
Stephen Kirchner‚ a research fellow from think tank Centre for International Studies‚ published a report Monday that advocates an auction system for permanent visas to bring in top talent while padding the nation's coffers.
He says the plan would efficiently fill the nation's skills gaps adding that government-directed immigration quotas have led to labor imbalances.
Kirchner says that‚ in the long run‚ the ideas and innovations brought in by the new migrants would boost Australians' living standards.
Reporter : slim@arirang.co.kr

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