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Economic Impact of Refugees (Positive (Long - term investments in host…
Economic Impact of Refugees
Positive
Demographic of Refugees
- age, gender, education background, skill set...
Refugees are
often skilled but unemployed
- they possess the capacity to boost host country's economy
Developed countries have a declining or stagnant population growth with an aging population - refugees and immigrants can fill in the demographic/age gaps
aAging
Long - term investments
in host country
International aids provide funding that may spillover into country's economy - positively effecting
Build and invest in infrastructure to accomodate the influx of refugees = infrastructure can continue to be used by the wider community
Investment in education, public resources - in areas where otherwise would not get funding = can be used by wider population - a benefit
Integrating into labour market
Perception that refugees will take jobs away - refugees often take jobs that native citizens are unwilling to take, such as in construction or low-wage agriculture
refugees are filling needed positions in unskilled labours = forces natives of host country to specialize (pos. or neg.?)
IMF estimates that successful labor market
integration for current refugees in could boost GDP
Volume of refugees = large purchasing
power as consumers
Refugees can be seen as a new consumer market for producers
positive demand of products can lead to increased employment and boost the productive capacity of the host nation
Negative
Compete for jobs
Refugees did beat low-educated natives out of lowly jobs = but displaced natives switched to jobs that involved less manual labour = specialized jobs = higher salaries.
Refugees will drag down wages
Evidence suggests that immigration has only a small impact on employment or wages
Cuase a strain on public services