Consequences And Managment Of International Economic Migration Flashcards
Large numbers of low skilled migrant workers result in money leaving host country as remittances to migrants home nation.
What is a remittance?
Funds transferred by foreign workers to their family and friends at home
Positives of remittances
Remittances can help reduce poverty and increase spending in migrants county of origin creating positive multipler effects
How does economic migration benefit host countires
Skill shortages filled
Large labour force willing to accept lower paid jobs
Many migrants have more skills to establish new businesses
Positive multiplier effect
Bring new ideas
How does economic migration impact negatively on host nations
More pressure on services
People in host nation believe jobs are Being stolen
Migrants may fail to integrate causing social conflicts
How does economic migration benefit source country ?
Remittances boost economy
Migrants return home with more skills
How does economic migration impact a source country ?
Loss of young workers
Lack of spending by workers
Economic losses result the costs of educating and training workers
Politician changes may see migrants forced to go home creating conflicts between countries