By lowering the cost of trade between the country of residence and the country of birth, migrants appear to reduce trade with other countries, so that the overall effect on aggregate trade is small.The effects of migrants on foreign direct investment appear to be different. Bilateral investment...

The paper considers whether it is feasible for Australia to match the US level of productivity. While other countries have caught up with - and even surpassed - US productivity, Australia's catch-up has been comparatively modest and patchy. International comparisons of productivity are useful,...