Another concern of immigration, is the idea that immigrants will be a fiscal burden on its host country due to the welfare magnet hypothesis, (Borjas, 1999) as low-skilled immigrants are attracted to countries with high social benefits. In the long run, it can be proved that migrants improve their host country’s GDP by boosting their economy and increasing economic
First, the cause of Income Inequality is Global trend changed. Over the past forty years, the costs of transportation has reduced by because of improvement of technology, automation, and communication dramatically. New markets have opened, bringing growth opportunities in countries rich and poor alike, and hundreds of millions of people have been categories out from poverty. However, inequality has also risen. So, this has showed that the globalization has play a very important role in affecting the income inequality in this global.
The attitude of demographers and economists about the role of population in economic development has undergone a dramatic change in recent years-from a pessimistic to an optimistic view. Earlier many scholars believed that rapid growth of population puts a constraint on faster growth by diverting resources from investment to consumption. The more recent view holds that the process of demographic transition resulting from a fast decline in mortality rates and a slower decline in birth rates creates a population bulge initially in the younger age group, but creates a window of opportunity later when the young join the work force. The demographic dividend hypothesis relies on the changes in the age structure of population leading to a rise in
There was a huge euro zone crisis which fluctuation in the GDP, inflation and unemployment rates. This crisis hit tourism, retail and home sales . The economy in this year had a serious setback , after this the government had to take up good and progressive policies .They looked up on their tax policies and mainly on the service sector as it is one of the major sector of contribution for the country . Another major attraction of the country is the tourism field , according to one of the study conducted developing tourism ,can be very helpful and can bring a very positive conditions . Developing this sector can help is complete change in the economy , though the support is now on science and technology in the country .This will have a high impact .
One of the important phenomena in the development process is the economic growth. Today in a fast-paced world of high economic growth and with the rapid growth in the process of urbanisation across the globe, it is important to understand the very nature of economic sectors and its structural shifts in the different sectors. In this paper I will focus in the context of developing nations and in particularly, India. The Indian economy has been experiencing unprecedented rate of growth since the last one decade. It will be interesting to see the intertwined nature of division of labour in the market.
The growth of foreign direct investment to eight fold during the 1990s has brought skilled personnel and modern technology to poor countries. Banking and other related sectors have also prospered during these years. There has been an increasing willingness among the foreign investors to send their capital to the poor countries in the recent years due to the miracles made by globalization. However, while direct foreign investment boosts the emerging markets, capital flows pose serious risks in the short-term. One of the major challenges of globalization is the risk of currency depreciation.
The people will move from the poorer margin to the richer urban agglomerations (extended city or town area) as well as from the youthful to the aging societies. The migration of the current geography will be changed. On one side, the emerging markets with the higher economic growth will endow with the domestic opportunity to the emigration. On other side, some countries like Korea and China will enter in the international race for the talent and may turn into more attractive destinations for workers than some of today’s immigrant-receiving countries that are now long-lasting slowly or no growth and high unemployment rates
In many countries, employers are paying bribes less frequently and in relatively smaller sizes (as a share of income) and they view corruption as less of a problem for the operation and growth of their businesses. Since corruption is becoming more significant problem associated with the development, an even more important role is played by monitoring corruption. This is the big advantage for the European and national economies in transition, monitoring has shown that policy reforms can have a significant impact. In the last few years there has been significant economic growth and corruption has decreased. Major role played by personal qualities, strong leaders are needed to develop and push forward the reforms.
The problem of an aging population and shrinking workforce in Singapore in the recent years has become a significant problem. Meanwhile, high unemployment rates in developing countries such as China and India have led to a migration of immigrants to developed countries like Singapore. This movement has resulted in an influx of foreign workers in Singapore. Although the Singapore government welcome foreign immigrants and talents to increase our workforce so as to maintain a competitive edge in the global economy, this phenomenon has led to brain drain in
Youth unemployment in few recent years has been increased because of the low foreign and domestic investment. Due to the security risks people are hesitant in investing businesses that also have caused an increase in the unemployment. Some of the young people can be without jobs due to the frictional unemployment. The theories of unemployment put forward this idea that some school leavers are expected to remain unemployed for the sake of finding suitable jobs. Youth unemployment can also be an outcome of the business cycle.