Economic freedom and immigration

$20.00 $15.00

The paper talks about the international trade theory which is the most established economics.



In the modern world, the international trade theory in services and goods tends to increase the long run wealth that nations have. That concept is one of the most established economics. So many underlying factors, however, drive the economic growth. The comparative advantage concept applies equally to goods and services as it does in the international trade in labor. The international trade in labor emigration or immigration tends to differ in either way from services and goods trade……………………….

Institutions are quite important are the reason as to why there are economic growth and development. From Adam Smith work he clearly stated that “Little else is requisite to carry a state to the highest degree of opulence from the lowest barbarism, but peace, easy taxes, and a tolerable administration of justice: all the rest being brought about by the natural course of things.” (Hall, Stansel, and Tarabar). For a country to witness the highest degree of economic freedom then various components are quite fundamental; the rule of law ought to exist…………………….

Immigration tends to affect economic freedom both positively and negatively. From a positive side, the whole idea of immigration tends to bring in a certain amount of income that trickles down to the native-born resident. An increase in revenue in a particular country is one of the driving force toward economic freedom. From the negative point of view, however, the native employees who are currently employed at higher wages are often substituted for lower wages offered by the immigrants (Berg). Such kind of move tends to leave the native residents jobless thereby denying them accessibility to economic freedom……………………….

Economic freedom is one of the factors that have actively attracted immigration. Most immigrants are always attracted by the welfare services that they are offered by the recipient countries. The entry of immigrants in those particular country forces the governments toward them individual rights that in turn boosts economic freedom. Immigrants pressure to have equal right either when it comes to voting has had a positive impact that has indeed lead to the reforming the countries policies and institution in a way that is consistent with economic freedom (Berg). The greater immigrants share on the overall has an appositive effect on institutional quality at the national level; on the contrary, it has an adverse impact on the subnational level………………………