Economic Migration Effects explores the driving forces behind global mobility, asserting that economic factors are paramount in understanding migration patterns. The book examines how individuals respond to economic incentives, such as wage levels and unemployment rates, in their decisions to migrate. It highlights the 'push and pull' factors influencing these choices and analyzes their effects on both sending and receiving economies.
Intriguingly, the book reveals that globalization and technological advancements have reshaped migration's scale and scope, while remittances sent home by migrants can significantly impact developing economies.
The book adopts a systematic approach, starting with core migration theories like neoclassical economics and dual labor market theory. It progresses to analyzing the economic impacts of migration on labor markets, economic growth, and public finances using financial analyses and labor market studies. A key feature is its integration of micro-level decision-making with macro-level economic analysis, offering a comprehensive view of how individual choices shape broader migration trends.
The book concludes by exploring the political science aspect of policy implications, offering evidence-based recommendations for managing migration flows to benefit migrants and host communities. It emphasizes the importance of understanding economic incentives to predict and manage migration effectively, making it a valuable resource for students, researchers, policymakers, and anyone interested in the economics of migration.
