Friday, 18 November 2011

Diasporas; Benefits on Having Immigrants

I used to work as a Hooker - as in a person who hooks things.

I love how they titled the topic of the article which I was reading - magic indeed. Based on the article I was reading, migrants to a foreign country can actually be beneficial based on several key reasons ( map source can be seen here ) ;
  1. The "diaspora network" - where one could actually benefit in terms of the networks in which the migrant has to his/her country of origin. In other words, companies/institutions hiring them may not be limited to local networks alone but also be given the opportunity to expand its operations outwards.
  2. Spreading money - it is a fact that in general the migrants will be earning more than they would compared to working back home; repatriation of their monies to their homeland therefore would benefit both the domestic and foreign country.
  3. Innovation carriage - upon returning to their country of origin, apparently many would set up companies carrying with them the knowledge and experience in which they have gained overseas; allowing their countries to develop.

If we were to exclude Hong Kong (although they have that two government one country thing) from the map; Malaysia would have the second highest number of Chinese emigrants overseas. Although technically speaking, this is entirely wrong - its too apparent that these figures take into account Malaysian-born Chinese (but in reality, as a result of having a large number of dumb Malay politicians they're still treated as China-born Chinese).

But to be fair bringing immigrants into a country is not all that well - if you examine the article earlier, it talks mostly about high skilled immigrants, and by right they would benefit any country they go to. What I believe is meant to be of much more concern is low-skilled immigrants (particularly evident for Malaysia) and how it depresses local wages for works in similiar category, carrying market distortion effects. How would labors of this category be beneficial overall for a country? Repatriation of wages back to their home country is applicable, but what about carrying valuable contacts, innovation or creativity? Even if there were to be any, the amount would be minimal.

High tide for change?

No comments:

Post a Comment