Block 3 (Consequences + Management Of International Economic Migration) Flashcards
What other flows can international economic migration trigger?
- Flows of money
- Flows of ideas
- Flows of tech
How can economic migration cause flows of money?
- Remittances sent back to donor country
- Migrants boost workforce of host country, causing higher flow in
How can economic migration cause flows of ideas?
- Migrants bring new cultural ideas to host country
- Migrants bring advanced ideas to host country (contributing to advanced sectors such as quaternary industry)
How can economic migration cause flows of tech?
- Migrants bring upcoming tech breakthroughs to host country
- Migrants can send tech back to donor county in form of aid
Define elite migrants
Highly skilled and/or socially influential individuals - stimulate greatest flows
Define host country
Country that receives migrants
Define donor country
Country that loses migrants
What positive effects can migrants + the flows they trigger (of money, ideas, tech) have on host countries?
- Fill skilled labour shortages
- Fill unskilled labour shortages
- Start successful new businesses (1/7 UK businesses with annual turnover over £1 mill founded by migrants)
- Positive multiplier effect when migrants spend money
What positive effects can migrants + the flows they trigger (of money, ideas, tech) have on donor countries?
- Remittances sent back boost individual wealth + wealth of whole country through multiplier effect
- Return of migrants/children who have learnt skills abroad helps economy
How much money is sent back to donor countries in remittances per year?
US $500 bill
What negative effects can migrants + the flows they trigger (of money, ideas, tech) have on host countries?
- Services may be overstretched by greater population
- Social tension between two demographics (particularly as host country population often view migrants as job stealers)
What negative effects can migrants + the flows they trigger (of money, ideas, tech) have on donor countries?
- Loss of workforce who contribute to economy (brain drain), leaving a dependent demographic
- Positive multiplier effect disappears as there is a reduction in spending
- No guarantee that remittances will account for economic losses
Define interdependency
When two or more countries are mutually reliant on each other
Are countries more or less interdependent now?
More
Do migrant flows increase or decrease interdependency?
Increase