A Leap into the Future: The Australia-Japan Working Holiday Agreement and Immigration Policy
The Australia-Japan Working Holiday Agreement of 1980 represented a leap of faith on the part of both governments in their own people. Unprecedented for Japan, and breaking with Anglophone cultural stereotypes for Australia, neither government could have objectively predicted the enormous success of the agreement, or that it would become a model for many more such agreements. Both governments counted on recognition developing of the cultural benefits of the agreement. Neither could have foreseen that the agreement would eventually have significant labour market effects, mainly positive, though different, in Australia and Japan.
Japanese Immigration to Australia, 1880s–2000s
This chapter introduces the historical background of Japanese immigration to (colonial) Australia until today. Although the Japanese migration to Australia experienced a complete stop due to WWII and Pacific War, there is a long historical relationship between Japan and Australia going back to the 19th century. This historical snapshot shows how the nature of Japanese international migration has transformed as this modern nation state develops in relation to the Asia-Pacific region.
Complexity, Network-Decisions And Alternative Risk Premia: Some New Theories Of Structural Change And Portfolio Decisions.
Structural Change is the basis for many decisions such as government fiscal and monetary policies, government interventions, corporate-expenditure decisions, corporate strategic decisions, portfolio management decisions in finance; household allocation decisions, etc.. Structural change in industries and national economies is increasingly more difficult to detect partly because of the growth and dominance of Complex Systems and “Networks” in modern industries and economies – such Networks and Complex Systems include GVCs (global value chains), retail store networks; franchising networks; internet networks; services networks; credit-chains in industries; online social networks; etc.. The relationship between Complexity and Structural Change is well established in the physics, applied math and economic dynamics literatures. Traditional definitions and modeling of structural change have erroneously focused on changes in labor, technological progress, market share, and or capital – which are grossly inadequate in the new economy and post- global financial crisis (as confirmed by changes in the global retailing and housing industries and other industries). Also the modeling of structural change seems to be constrained by the availability of data, and often omits the relationship between structural change on one hand, and globalization, financial stability and international financial contagion. This article: i) introduces the Operations Strategy Model of structural change, explains how it differs from the Lewis Model of Structural Change; and explains the often omitted relationship between operations strategy (of companies and government agencies) and structural change; ii) introduces other new Complexity-based models/theories of Structural Change in industries; iii) reviews the relationships among Operations Research, Complexity and Structural Change; iv) explains the symbiotic relationship between structural change on one hand, and economic growth, financial stability, financial contagion and globalization; v) discusses the significant gap between academic research and practice and explains some issues and factors that should be considered in the development and testing of structural change models; vi) explains how alternative risk premia can be generated from new models of Structural Change.