For centuries, migration has been practiced all over the globe. This has great impact on both the host and the source country. Both countries suffer greatly in terms of economic impact of immigration. Immigration refers to movement of persons to countries where they are not natives. This results from a variety of factors including economic, political and war. Statistics from the unite nations indicate that 3.5% of the worlds population are immigrants in different countries.
Advantages of immigration
• Migrants are always seeking refuge for better financial gains or safety. Successful migrants achieve financial and political security hence ability to fed for themselves and families.
• Migrants provide host countries with labor filling gaps …show more content…
Countries accepting immigrants have to put in place welfare measures for the immigrants hence increased government expenditure.
Migration patterns
Over the decades, the migration patterns have remains asymmetric. In the early ages, Europeans migrated to Australia, US and Canada. In the modern times, migrants to the US are from Asia, Latin America and Africa. Statistics indicate there are massive illegal immigrants in the recent past from the same continents. Unlike in the earlier times, illegal immigrants are less educated and lead to high competition for the low paying jobs and increment in unemployment levels. Research on the education levels of immigrants in the US indicate that over 35% of the school dropouts are likely born outside the country.
Other than increase in low paying jobs competition, influx in less educated immigrants is also raising concerns on social issues among them cohesion and integration with the natives. However, the need to cater for refugees from war torn countries and bridging the gap being left by the aging population in the developed countries supersedes this concern.
Economic impact of …show more content…
This was attributed to the increase in trade where goods and services would increase in demand hence translating to more business. This is alongside the increased labor that as well acts as a driver to growth. This is despite the fact that findings by center fro immigration studies indicate that influx in immigration leads to depression of labor wages in the host countries. Different countries employ different laws in accepting immigrants. In Canada for example, there is much emphasis in accepting of skilled immigrants. These provide with skilled workforce that translates to general economic growth.
By being skilled, their pay is also higher and this attracts higher taxes for there government. This is unlike in the US where skills are not equally emphasized. This has resulted in lower tax returns from the immigrants and high reliance on government subsidies. It is for the same reason that economist in the US asserted that lowering the number of immigrants in the country could result in better growth for the country.
Impact on