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Brady Gildea's UNH Collective Post

Sustaining and growing the global economy is a challenge in itself, but current world events make it that much harder.  The amount of mass migration that is happening around the world is unparalleled, and the impact of it is still unknown.  People in support of aiding immigrants believe that immigration will help the global economy.  Migrants are moving from areas where are they not able to contribute to society, to areas where they are able to attain a job and buy products and services.  After migrating, they are also able to continue their education and pay taxes, which all contribute to the economy.  On the other hand, most conservatives are against immigration and allowing migrants to enter other countries where they are hoping to relocate.  They are saying that there is no positive impact of immigration, and it will only hurt the economy.  Specifically, the World Bank is sending the message to allow immigrants to enter countries with aging populations, in hopes that they will fill the voids in the work force.  Some reports believe supporting mass migration can help end poverty worldwide and everybody’s standard of living will approve overall.  Developed countries are taking varied approaches to immigration, and the future will tell the impact of those decisions on their economies. 

Source: Martin, W. (2015, October 08). The World Bank is betting on mass migration driving the global economy. Retrieved July 15, 2017, from http://www.businessinsider.com/world-bank-report-on-the-economic-impact-of-immigration-2015-10

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  • This is an interesting topic because recent news and events focus on different nations attitudes towards refugees and mass immigration but the economic impacts are not highlighted as often. An economic impact of mass immigration is cultural barriers and coordination among groups and teams within companies. A higher level of cultural diverse cam also remove barriers and introduce different and new ideas, perspectives to organizations. To measure the impact on the national level, Harvard Business review evaluated they level of fractionalization which shows the level of diversity in the country. They found that in Kuwait, Saudi Arabia and Singapore were the fractionalized and the least fractionalized countries were China, Indonesia, the Philippines and Somalia. The HBR used predictive indexes of diversity to bypass factors such as, high economic growth attracting immigrations and immigration policies in their analysis. Their findings suggests there a positive impact on the growth rate of GDP over a large period of time but different levels of economic development of the country also factors into this impact. Overall, the more developed the economic system is in the country, the less likely the impact of mass immigration diversity will be seen.

    Elia, V. B. (2017, April 18). Economics & Society. Retrieved from Harvard Business Review: https://hbr.org/2017/04/why-mass-migration-is-good-for-long-term-ec...
    Why Mass Migration Is Good for Long-Term Economic Growth
    Diversity makes countries richer, especially developing ones.
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