2.2.3: Consequence & management of international economic migration Flashcards
Remittances
Sending money home
Arrival of large numbers of low skilled workers can result in
remittance flows directed towards the source country
Uses for remittances
5
school, house building, for friends, for funerals and weddings
Remittance money compared to FDI in India
3 x more
Regulations around remittances mean that
it costs money to send money
tax
How many migrants in the World
232 million
What percentage of migrants are economic migrants
90%
Global consequences of international economic migration
4
- arrival of large of numbers of low skilled workers can result in remittances
- Cultural change
- Elite migrants
- Interdependence over time
Cultural change
consequence of international economic migration
Diversity of religious ideas and influence on pop culture
? = consequence suggests something bad??
Elite migrants
negative impacts
3
consequence of international economic migration
brain drain in country they came from > slows development and local productivity
increases globalisation +/-
New 2013 border rule means that UK
‘enthusiastically’ welcomes millionaires and billionaires
Elite migrants
positive impacts
7
consequence of international economic migration
brain gain in host country
increases globalisation +/-
makes elite jobs more competitive in host country > best people for the jobs
bring more technology to their country of origin
diversify culture in host countries
remain connected to home culture by internet
Interdependence over time
Global flows of people and goods created networks of interconnected and independent places.
Economic interdependency
example
Remittance money and migrant workers
Political interdependency
example
Partnerships and agreements to tackle global issues such as climate change