Germany has received 547,034 applications for asylum since
2011 ; France: 255,800; Italy 155,536 United; Kingdom 125,139. according to New
York Times. This blog attempts to draw up a value sheet:
Value = Benefits minus costs
Benefits and costs of the worker migration to Europe would
be:
Benefits
|
Costs
|
Outflows
are reverse of Dutch disease
|
Forex
outflow weakens if not deteriorates balance of payments
|
Lowers
cost of production; wages move downwards
|
Unpredictable
flows of human capital adds to severe unemployment woes
|
Stimulates
demand for locally produced and traded
goods
|
Unpredictable
flows of fund flows- might be used by launderers
|
Helps
consumer by reducing the cost of production
|
Substituting
local labour adding to social tensions
|
Good
work habits as they look to earning incomes
|
Dis-savings
and lack of capital formation
|
Higher saving rates
|
Virtually
little investment in capital generation
|
Income lubrication in the circular flow of funds
|
Lowers
standard of living directly
|
Financial Sector transaction volumes increase
|
Income
distribution turns adverse
|
Note:
An asylum seeker is defined as a person
fleeing persecution or conflict, and therefore seeking international protection
under the 1951 Refugee Convention on the Status of Refugees;
A refugee is an asylum seeker whose claim
has been approved. However, the UN considers migrants fleeing war or persecution
to be refugees, even before they officially receive asylum. (Syrian and
Eritrean nationals, for example, enjoy prima facierefugee status.)
An economic migrant, by contrast, is person
whose primary motivation for leaving his or her home country is economic gain.
The term "migrant" is seen as an umbrella term for all three groups.
(Said another way: all refugees are migrants, but not all migrants are refugees.)
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