Macroeconomics
Factors that lead to Growth
There are several factors that lead to economic growth. They are physical capital, human capital, natural capital and technological change. Physical capital refers to the infrastructure that a nation has, for example transportation and communication infrastructure, and manufacturing capacity. Human capital refers to the number of people, and their skill level. Natural capital reflects natural resources that can be exploited. Technological change reflects the increases in productivity and opportunity that come from innovation.
In his article, Hanson is focused on human capital and the benefits of technological innovation in particular. The two are closely linked, since nations with better human capital are more likely to be innovation leaders as well. Hanson argues that immigration reform should take into account the role that immigrants play in economic growth. The U.S. has many technology companies, and is a leader in most technology fields. That leadership depends, however, on the ability of American companies to attract the best talent from around the world. The United States is basically competing with the other nations in the world for talent. Good people unable to get into the U.S. long-term because of the country's visa restrictions will either return to their home countries or settle in other major nations -- Canada is known to have developed a competitive program to siphon off talent that was unable to get a long-term visa in the U.S. (Downie, 2010). These immigrants are often leaving with a U.S. degree and experience working for an American company for a year or two, which makes the situation worse because the country has already invested...
In the most extensive study till date including nearly 3,000 people, Prof Vega has revealed that acculturation to U.S. customs has a damaging impact in the U.S. He found double the rate of mental disturbance in U.S. compared to the latest happenings of immigration or Mexicans who stayed in their country. Prof Vega along with his team of associates found that U.S. born Mexican-American, the lifetime threat of being
Economic and political factors in the originating country influenced the decision to migrate; the perception that the United States has greater political freedoms and more economic opportunity has consistently influenced the decision of Turkish immigrants to come to the United States rather than other nations, such as in Europe. Whatever opportunities there might be more immigrants, those without specific job skills or a higher level of education quickly find
Economics Scenario In the first phase, the price of coffee increased and thus lured producers into the market. This caused the supply to move up the curve. The increased supply caused the demand to decrease and thus caused the overproduction. The mechanism is shown below graphically. The graph shows the coffee market at an equilibrium price of 3.25. The increase in price caused the supply to rise and the demand to fall. This
S. economy from one with an emphasis on imports to one with an emphasis on exports. The shift to the gold exchange standard further facilitated this, as foreign exchange was ultimately converted to gold, and U.S. wealth grew rapidly in the 1920s (Smiley, 2010). There were a number of beneficiaries from this economic expansion. On average, most Americans benefited from the expansion in terms of increased wealth and living standards and
Immigration at Different Times Immigration in early 1800's and today Immigration has not been ever so easier for people residing across the globe. People have to obey the immigration policies made by countries. This study would give sound coverage to all issues faced by people in northern cities in the early 1800s era. Hence, issues with immigration in past would be compared with current issues to immigration. Millions of immigrants expiated to
Economics If I was in Congress, I would not vote for such a tax. From an ethical perspective, such a tax is simply punitive. The oil companies are not strictly to blame if the price elasticity of demand for oil is low and they take advantage of that. Consumers have no inherent right to dirt cheap oil. The argument could be made that there are benefits to monopolistic profits such as
Our semester plans gives you unlimited, unrestricted access to our entire library of resources —writing tools, guides, example essays, tutorials, class notes, and more.
Get Started Now