The Comprehensive Plan of Action for Indochinese Refugees (CPA) has been praised for upholding ‘international solidarity’ and responding to what was the burgeoning refugee crisis of 1989. It has also been criticised for its execution, with critics arguing that it is an example of international buck-passing and questionable compromises. Regardless, the CPA has since affirmed itself as a practical model that allowed policy makers to combine humanitarian principles of compassion with political pragmatism.
A typical approach to analysing markets for goods or services is to think in terms of supply and demand. Even to those who have not studied economics, the idea that a market equilibrium price and quantity occur where supply equals demand is likely to sound familiar. But there is a more subtle and fundamental concept that often eludes even those who have studied economics: elasticity.
This article is one of two Q&A specials informing the reader on a topic of economic importance to Australia that was discussed by the panel on the night.
On the 19th of July this year, Kevin Rudd introduced the PNG solution whereby any asylum seeker arriving by boat without a visa will be processed, and if found to be a legitimate refugee will be resettled in Papua New Guinea.