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In: Economics

Canadian Economic Climate  We will examine the advantages of the countries increasing economic growth through...

Canadian Economic Climate
 We will examine the advantages of the countries increasing economic growth through
immigration and global trade and the benefits to Stax engineering. And what are some recommendation

Solutions

Expert Solution

Immmigration refers to The term refers to the movement of people from their homeland or home country to a host country.

Canada is one of the wealthiest country. Through the process of immigration, Canadian industries employ a lot of foreign trained skilled and semi-skilled workers. Working and living in Canada as a skilled or semi-skilled worker gives you an high opportunity to apply for Canadian permanent residence status. This means you and your family will live and settle in Canada having a status of residentship.

Economic growth are as follows:

  • Migration boosts the working-age population.
  • Migrants arrive with skills and contribute to human capital development of receiving countries.
  • Migrants also contribute to technological progress.
  • Migrant workers make important contributions to the labour market in both high- and low-skilled occupations.
  • Migrants contribute more in taxes and social contributions as compared to the individual benefits that they recieve.

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