Question

Examine the economics benefits of labour migration as a result of globalization? The positive impact of the labor migration towards migrants themselves as a result of globalization. Give 2 point with example.

Answer 1

Ans- In destination countries, labour migration can rejuvenate the workforce, allow labour-intensive sectors such as agriculture, construction and personal services to function, promote entrepreneurship, support social protection schemes, and help meet the demand for skills.

Due to globalisation, the educated workforce got a huge opportunity and economic benefits for migrating in other countries.

The economic impact of migration flows through into every aspect of the economy. It has a profound positive impact not just on population growth, but also on labour participation and employment, on wages and incomes, on our national skills base and on net productivity.

International migration today is a global phenomenon of growing volume and complexity. Many countries are now origin, transit and destination countries for migrant workers. Labour migration movements have the potential to greatly impact the social and economic well-being of their countries of origin, transit and destination.

The International Labour Organization estimated in 2014 there were 232 million international migrants worldwide who were outside their home country for at least 12 months and approximately half of them were estimated to be economically active.