"In the late nineteenth century, declining transport costs and rising wages made passage to America affordable for millions. Since then, labour migration is probably the dimension of globalization along which international economic integration has advanced the least. Indeed, labour into and out of some countries is less mobile internationally today than it was in 1913." (Core Econ, Chapter 18).
In today's class we will consider the economic impact of migration. What are its impacts in countries that are receiving immigrants and how does the loss of talent and population affect the economies of countries that experience net out migration?
You should have read the following section in Chapter 18 ("The Nation and the World Economy") of Core Econ: 18.3 Globalization and Migration.
Write a blog post about the sections you read for homework, relating the ideas in the reading to the country you have chosen to study.
Share a question that you would like to discuss as part of our Socratic Discussion today.
Participate in a Socratic Discussion. This rubric will be used to evaluate your blog post and discussion.
Read the following sections in Chapter 18 ("The Nation and the World Economy") of Core Econ: 18.4 Specialization and the Gains from Trade Among Nations and 18.5 Specialization, Factor Endowments, and Trade Between Countries.
Book: On the Principles of Political Economy and Taxation by David Ricardo
Podcast: In this podcast, George Borjas of Harvard University and author of We Wanted Workers talks with EconTalk host Russ Roberts about immigration and the challenges of measuring the impact of increased immigration on American workers and consumers. The discussion also looks at the cultural impact of immigration and what immigration in the past can tell us about immigration today.
Podcast: In this podcast, Bob Lucas, Nobel Laureate and professor of economics at the University of Chicago talks about wealth and poverty, what affects living standards around the world and over time, the causes of business cycles and the role of the money in our economy. Along the way, he talks about Jane Jacobs, immigration, and Milton Friedman'sinfluence on his career.
Podcast: In this podcast, Bryan Caplan of George Mason University and EconLog blogger talks with EconTalk host Russ Roberts about immigration. Caplan takes on the common arguments against open borders and argues that they are either exaggerated or can be overcome while still allowing more immigration than is currently allowed in the United States.