The impact of immigration processes on country’s development, case study of the united kingdom
Date
2017-01-20
Authors
Journal Title
Journal ISSN
Volume Title
Publisher
Lviv Politechnic Publishing House
Abstract
In the article the recent immigration
processes in the UK are studied. The key factors, which
influence the global immigration policies, are considered.
The study is dedicated to the contemporary
immigration processes in different countries and from
different prospectives. The key factors, which influence
global immigration processes were identified.
The significant difference in income inequality is
observed, and the study of International Monetary Fund
shows that as inequality increases, the growth decreases
and will continue to do so in the future. The effect that the
employment of immigrants has on the wages of workers
depends heavily on the nature of the labour if immigrant
labour is complementary to the labour and skills of native
workers, it is likely to have a positive effect on wages. The
extent to which immigrant labour is complementary or
substitutable can also influence the long-run and short-run
effects of immigrant labour. Substitutive immigrant labour
provides competition for the native citizens, therefore
decreasing the average wage in the host country.
Nevertheless, in the long term, because a larger proportion
of working immigrants can lead to an increase in
productivity and consumption, the investment will also rise,
so households will have more benefits. In such a way the
presence of immigrants in the workplace helps the
productive potential of the economy. These factors
could benefit the host country, since they outweigh the
loss made initially when immigrant labour is substitutive
and lowers the average wage through increasing
employment. The conclusion is made conserning the
immigration trends and factors, which is necessary for
the decision making for better immigration processes in
Europe and the UK, in particular.
Description
Keywords
immigration processes, labour market, wages, immigration policy
Citation
Voytsekhovska V. The impact of immigration processes on country’s development, case study of the united kingdom / V. Voytsekhovska, A. Symak // Economics, Entrepreneurship, Management. — Lviv : Lviv Politechnic Publishing House, 2017. — Vol 4. — No 1. — P. 49–54.