Issues in global economy

  Information about the assignment and how to submit COURSEWORK 3: ESSAY 2 (35% of the total mark): Critically discuss the following viewpoint: Open migration policy can solve the problem of global poverty. Word limit: 1,200 (+/- 10 %) Critically discuss the following viewpoint: Open migration policy can solve the problem of global poverty. This is a provocative statement. The problem of poverty is multidimensional, open migration policy can not solve this problem entirely. However, open migration (free movement of labour) to some extent can alleviate the scale of poverty, or can be responsible for increase in poverty rates in some countries or regions. Many economists argue that poverty may be reduced by the free trade and free movement of capital (investment) -both important aspects of globalisation … How about the free migration then? In your discussion you should explore the economic impacts of migration (open migration policy) that may affect the poverty rates. These impacts affect both host and home economies. For instance: -the scale of remittances (home economies) -impact on economic growth -impact on wages -impact on unemployment -skill transfer (and brain drain) -and others you consider relevant to your argument