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Introduction to Microeconomics - Research Proposal Example

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This work "Introduction to Microeconomics" describes the aspects of the new immigration system. The author takes into account the role of immigration, the nation’s growth, and its impact on all cultures, and faiths. From this work, it is obvious about the impact of migrants on the local population, the shortage of skilled workers, the impact on universities, and its economy. …
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Introduction to Microeconomics
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Download file to see previous pages There have been serious concerns on levels of immigration after the worldwide economic downturn in 2008. The UK imposed no cap on immigration from the previous Eastern Bloc Countries that joined the EU in 2004. There has been significant growth in Eastern European migration at the expense of non-EU migration.
Total immigration between the years 2004 and 2010 can be observed in the below-mentioned illustration. Surprisingly, it was highest in the year 2005. The year 2009 and 2010 do not show any drastic increase in immigration population so as to make any serious concern and any unemployment issue for locals cannot be seen having any linkages to an increase in the immigrant population.
In fact, non-EU migrants have got the biggest hit owing to Government efforts to quell public concerns over immigration. Because of the EU Law, the government is not in a position to restrict immigration from EU Countries and what the UK needs is the migration of highly skilled workers from non-EU countries.
The UK Government has declared a permanent ceiling of 21,700 on skilled immigration to be applicable in April 2011. Further, investors, entrepreneurs, and exceptionally talented individuals will get an entry under Tier 1 and Tier 2 will be restricted to graduate-level occupations. Entrepreneurs and investors will have no restriction whatsoever that can come to the UK with certain net worth.
It will be pertinent to note that in 2009, the UK issued 50,000 visas to non-EU citizens under the Tier 1 category. The present cap of 21,700 visas in the highly skilled category is a substantial cut if seen from the perspective of visas issued in the year 2009.
Ignacio Galan, the owner of Scottish Power Ltd has shown apprehension that the UK’s plan to improve power-generation and to embark on renewable energy projects will be seriously hampered by the shortage of engineers. He further said that 80 percent of engineers are likely to retire in his company Scottish Power in the next 15 years and virtually that is the story for most of the power industry in the UK (Bolger, Andrew). ...Download file to see next pagesRead More
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MR = P (1-1/e)
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