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Economic cost of illegal migration - Essay Example

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1) The trend of illegal immigration between United States and Mexico goes back to 19th century when the flow of immigration was low as compared to recent times. The impact of illegal immigration affects the economy of United States drastically. If legal immigration policy is formulated between United States and Mexico, it should be noted that United States will be on the losing side as it will have to cater to the needs of that much number of immigrants entering into their territory…
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Economic cost of illegal migration

Download file to see previous pages... This statistics clearly mentions the height of immigration and its effect on the Americans. Surely, Mexican's will be benefited, if the immigration is allowed into United States because another research states that after export and oil sales, money sent by legal and illegal immigrants working in US is one of the largest revenue streams ('Economic Costs of Legal and Illegal Immigration'). World economic welfare will be severely affected as the nation which donates good amount towards welfare will have to divert its fund towards those immigrants. Economic welfare in the context of immigrants is to provide economic stability and growth to all the legal and illegal immigrants.
2) Monetary Union is a union between countries that use the same currency which is managed by one common central bank (Grauve, 113). Following are the monetary unions which are currently functioning:
b) Brunei - Singapore Monetary Union: The currency under operation is Singapore dollar which is utilized by Brunei and Malaysia. Under tripartite arrangement, the currency of one country was circulated in other country (Kee Jin, 2).
c) South Asian Association for Regional Cooperation: The SAARC was established in 1985 integrating common currency of 'Rupee' among South Asian countries like Bangladesh, Bhutan, India, Maldives, Nepal, Pakistan and Sri Lanka.
d) The United States: This monetary union was formed with the congregation of 13 original US colonies utilizing US dollar as the common currency.
e) Central American Monetary Union Council - Established in 1964 by the central banks of Costa Rica, El Salvador, Guatemala, Honduras and Nicargua in order to promote the coordination of credit and exchange policies and the countries deal in dollar
f) Eastern Caribbean Central Bank: The union was created in 1983 managing EC dollar for eight Caribbean countries.
g) West African Economic and Monetary Union (WAEMU): WAEMU was formed in 1994 with the congregation of eight countries sharing CFA (Communaute Financiere Africaine) Franc as a common currency.
h) Central African Economic and Monetary Community (CAEMC): Was formed with six countries sharing CFA (Cooperation Financiere en Afrique Centrale)Franc as common currency among them (Monetary Unions [Current and Future]).

3) Both, the products of Borden and General Foods are targeted younger generation. The Lady Borden ice cream and cheese has been created to provide them a glimpse of United States culture, their tastes and preference through the packing of cheese whereas the chewing gum ad campaign is made for French citizens which is visible in the ad campaign wherein most of the ads are shot at beach places. France has good number of beaches and the chewing gum spreads the message of refreshness through Hollywood chewing gum.

4) The services provided by IMF and World Bank are public goods as both the organizations deal in urban and rural development, financial assistance and other development programmes aimed at poverty alleviation. The services provi ...Download file to see next pagesRead More
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