William Pesek of Bloomberg makes his point while he says an economy’s biggest export should never be its people.
He goes that nations get smug with large scale “remittances” from abroad that it stops exploring new avenues to attract “investments inward” that creates jobs and opportunities locally. He has got a lot of data to back, with enough of Bloomberg survey results thrown in.
I finished reading it and had my own questions. Has Pesek been hired by USIS to fuel a debate in the media? Locking down borders is not easy; fueling debates in media, gathering public opinion are…
Most people go on their own. It’s not an economy that drives them away; its lack of depth does. It’s after all a function of demand and supply, isn’t it? You go because someone out there could use you.
What’s wrong with a government that feeds on “remittance inwards” kitty to build its future as long as it lasts?
[Disclosure : I am not a pro-migration guy]
I think Illegal immigration happens because legal immigration is tough. Not all illegal immigrants harbor ill will. Most of them leave home because they see brighter opportunities elsewhere. Instead of rewarding that acts of enterprise and using the flock to bridge the demand supply gap, nations limit and restrict people traffic by imposing legal restrictions and by making stupid laws.
Capable students getting Harvard admissions, despite willing to pay full fees, cannot make it because they don’t get Visa – now, isn’t that ridiculous? Yes, immigrants both legal and illegal will compete for jobs with locals in developed destinations, but then local employers and consumers benefit too; from reduced wages and prices. The immigrants also become consumers and an already vibrant market is further expanded.
When they fly back and forth, the local airlines in the home country orders hundreds of airplanes from Airbus (France) and Boeing (US) creating more jobs there – who benefits?
Why, it didn’t occur to you Mr.Pesek? Come on… You can do better.