This article discusses the benefits of rich countries opening their doors to immigrants. The author argues that immigrant diasporas can provide a spark to the economy for several reasons. Having immigrants in your country can make it easier to do business in foreign countries because of establishing contacts, fostering trust, providing a knowledge of local culture, and speeding up the flow of information. Diasporas also are positive because they spread ideas across countries and often these immigrants send money back to their home country, benefiting both the country they moved to and the country they came from. The author also argues that the claim that immigrants are a drain on the welfare system is usually untrue and other arguments against immigration lack evidence.
This blog compiles the thoughts of UCLA undergraduates on the connections between economic history and current events. All contributors to this blog are enrolled in Ec183, The Development of Economic Institutions in the United States. The premise of this course is the history matters. The careful application of economic theory and quantitative reasoning can help us understand the past.
Wednesday, December 7, 2011
“The Magic of Diasporas”
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