Migration and Globalisation

**Migration and Globalisation** Migration is the movement of people from one country to another to seek employment or a better life. In recent decades as labour has become more mobile, the migration of people has spread ideas and culture leading to closer integration and globalization. Migrants c...

**Migration and Globalisation** Migration is the movement of people from one country to another to seek employment or a better life. In recent decades as labour has become more mobile, the migration of people has spread ideas and culture leading to closer integration and globalization. Migrants can supply low-cost labour. This is attractive to businesses because it improves competitiveness, increases exports and trade and it can ultimately lead to higher profits for shareholders and better productivity. Migrants often send money home; Extract D estimates a total of \$689bn. This increases incomes in their home country which stimulates demand, this may benefit MNCs and other businesses through increasing trade and globalisation Migrants are also often highly skilled and fill \'skills gaps\' that businesses cannot recruit for in the local population. This can boost growth and national income leading to more trade and globalization However, there are other factors that have played an important part in increasing globalization. The World Trade Organisation (WTO) organises rounds of negotiations to increase and liberalise trade such as the Doha round. Through such rounds, reductions in trade barriers are negotiated. Employment caused by FDI creates income which increases the demand for goods and services and more trade thus increasing globalisation The expansion of trading blocs such as the EU and the AfCFTA has done much to liberalise trade. Political change such as the opening up of previously closed economies has increased integration. Transport and communication costs have reduced making trade and travel much cheaper and easier. While migration has played a significant role in globalization it is just one of several factors that has contributed. Other factors such as migration and increases in FDI have also played their part, however there is no doubt migration is an important contributor to increased globalisation