Australia's Second Chance, by George Megalogenis
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Australia's Second Chance, by George Megalogenis
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Australia was the only rich country not to have gone into recession during the GFC. Our standard of living is one of the highest in the world, and we're a multicultural mix of talented migrants from all over the world. We've been here before: at the end of the goldrush in the 1850s, Australians had the highest standard of living on earth. And we lost our nerve; we shut the doors to immigration, tried to hoard what we had and entered almost a hundred years of decline. Our second chance is now; will we use it or lose it?Crunching numbers and weaving history into a riveting, rollicking tale, George Megalogenis brilliantly chronicles the waves of immigration from the First Fleet onwards and uses his unique abilities in decoding economics and demography to advance this new insight into our history, and our future.
Australia's Second Chance, by George Megalogenis- Amazon Sales Rank: #358955 in eBooks
- Published on: 2015-09-23
- Released on: 2015-09-23
- Format: Kindle eBook
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Most helpful customer reviews
1 of 1 people found the following review helpful. ... latest George Megalogenis book is presented in such an easily readable sale that you never feel - when will ... By laine langridge The research and the huge amount of informative writing in this latest George Megalogenis book is presented in such an easily readable sale that you never feel - when will this end - I finished this book wanting more in fact. It has given me an insight into the very beginnings of 'European Settlement' (some would say 'invasion') and the varied ways in which each of the present States and Territories were settled by the constant arrivals of immigrants - not only from England and Ireland either. I had no idea of the mix of migrants that has come to make up what it is to be an 'Australian' today. Megalogenis makes a strong case for the benefits to Australia for ongoing migration as the way to develop a better and more prosperous country at a time when Australia is facing many challenges.
1 of 1 people found the following review helpful. Nice idea for a topic By Akira R1100 Nice idea for a topic, but I was disappointed that there was little economic data to back up the claims regarding how well or not Australia was going in this or that decade. If you take that away it's just politics, and Australia is very boring during its early colonized history.
0 of 0 people found the following review helpful. Australia's Return to Wealth By Andrew Desmond George Megalogenis’s “Australia’s Second Chance” is a fascinating and insightful read. The author is a curious onlooker to the behaviour of the Australian economy and character. He is perceptive and produces a well structured argument.“Australia’s Second Chance” is firstly a history of Australia from the time of the dispossession of the indigenous population to the present day. In so doing, Megalogenis divides the nation’s history into three self-explanatory sectors:1.The Rise2. The Fall3. The Return.From 1788 until the depression of the 1890s, Australia positioned itself to be open to the world in terms of ideas and people. Accordingly, it became the richest country on earth in terms of GDP per capita. However, following the 1890s depression, the country turned back in on itself. Australia excluded many immigrants and built a vast tariff wall to protect its industries. Inevitably, it slipped down the wealth totem pole. Australia’s return came with the end of World War II as it actively sought immigrants. This process has continued to the present day and has been complemented by the virtual removal of all import barriers. Once again, the country has soared up the wealth ladder.I am providing here a brief synopsis of the Megalogenis argument. Of course, the book provides a host of data to support the contention that openness induces wealth. The one statistic that I enjoyed was that 28% of Australia’s population was born overseas. This rises to 39% in Sydney. By way of comparison, in the United States, always viewed as an immigration magnet, the comparable figure is only 13%. Australia has drawn a huge swathe of migrants while remaining a tolerant and prosperous society. There is much to be commended here.Even to those backward looking people who believe in a little Australia, the book offers a thoughtful challenge. Highly recommended.
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