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Flat White

How Asia thrives without open borders

19 February 2017

4:35 PM

19 February 2017

4:35 PM

The European Union, the United States and Australia have since the late eighties shared in the belief that the key to matching the performance of the Asian economic giants has been to disregard any oversupply of labour (or unemployment) in the market and maintain high annual levels of immigration. Ever since it has been taken as read that economic growth is dependent on immigration, the idea being that expanding the labour force means more productive activity.

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