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Migration: desired and permitted movements of persons - reasons and consequences - Essay Example

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Highly skilled labour with specialized skills and competencies are in short supply in industrialised countries, and are being sourced globally from an international labour market. Hence the migration of skilled labour especially from developing countries is increasing. Such…
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Migration: desired and permitted movements of persons - reasons and consequences
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Download file to see previous pages Based on the changing circumstances, several European and OECD (Organization for Economic Cooperation and Development) countries have formulated “new incentives, procedures, and legislations to make their participation in the international labour markets more gainful”1.
Thesis Statement: The purpose of this assignment is to investigate the reasons and consequences of the international mobility of labour as a development strategy in the 21st century. The pros and cons of such migration of labour will be critically examined.
The increasing international mobility of highly skilled labour causes participating countries and regions to gain and lose important human capital stocks. Though countries may not be participating voluntarily, contemporary global reality is that the occurrence of labour mobility is rising steadily. This is especially true of European Union (EU) countries, on which restrictions on local labour from going abroad are not imposed. In a globalized labour market, increased or decreased migration on a national level is more due to the situation at the international level, rather than caused by changing work conditions at home in relation to pay or other incentives2.
The migration of highly skilled workers has been associated with the global expansion of world trade and the international expansion of transnational companies. However, a major part of the movement has been attributed to shortages of certain expertise in local labour markets. Internationally trained physicians frequently elect to migrate to the United States because of the high regard they have for the U.S. in terms of technological development, the quality of its medical schools, its specialist training and its commitment to fundamental biomedical research. However, banking and finance professionals are attracted to certain global cities because of the concentration of appropriate jobs available along with the cultural and other factors being of a convivial nature for them. ...Download file to see next pagesRead More
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