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The Impact of Labor Migration on Patterns of International Trade

question 11

Essay

The impact of labor migration on patterns of international trade depends on the characteristics of the labor migrants. In which cases might migration expand trade? World income? In which cases might it reduce trade and world income?


Definitions:

Transferable

Referring to skills, knowledge, or qualities that can be applied in different roles or contexts.

Tangible

Something that is capable of being touched or perceived through the sense of touch; concrete rather than conceptual.

Market-Based View

A strategic perspective that emphasizes the importance of external market conditions in formulating a firm's strategy.

Strategy Development

The process of identifying the direction of an organization, setting goals, and determining actions and resource allocation to achieve these goals.

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