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The trade, migration, and development nexus
This paper deals with migrants' role in stimulating development in their countries of origin, outlining the three major channels through which migration can affect development: recruitment, remittances, and returns. It next turns to the North American Free Trade Agreement (NAFTA), assessing the relevance of the Mexico-United States migration hump for migration, trade, and development elsewhere. The paper concludes that migrants can accelerate development in their countries of origin but finds nothing mechanical or automatic about the migration and development linkage. Countries growing and ...
What have we learned from the measurement of economic freedom?
Texas Conference on Monetary Economics, April 23-24, 1994, sponsored jointly by Federal Reserve Bank of Dallas and the Department of Economics, Rice University, Southern Methodist University, Texas A & M University, University of Texas at Austin. (Issued as separate, numbered research papers)
U.S.-Mexican migration cooperation: obstacles and opportunities
This chapter begins by briefly reviewing theoretical issues regarding opportunities for migration cooperation. Immigration is an inherently multidimensional issue and differs from trade and other aspects of the bilateral relationship because of Mexico's unique ability to influence policy outcomes. Thus, simple asymmetric bargaining models are of limited utility for examining joint migration policy-making, and it is necessary instead to consider specific migration preferences in each country as well as the context in which migration negotiations occur. The remainder of the chapter therefore ...
Commentary on session I: The migration, trade, and development nexus
Summary and discussion of the three papers in this session: "The trade, migration, and development nexus" by Philip L. Martin; "External and internal determinants of development" by Thomas Osang; and "Globalization and Mexican labor markets" by Raymond Robertson.
The circulation migration of the skilled and economic development
I will consider three questions. First, how inefficient is the global allocation of workers and how large are the gains from increased international migration? How do you measure these gains? We will see that standard GDP comparisons are not sufficient. Second, how would reallocating high-skill workers from low- to high wage areas affect low-wage countries? Third, what is the relationship between the net international flow of skilled individuals and the development of low-income countries? Which countries benefit the most and least from skill migration?
Migration, trade, and development: an overview
Simple, neoclassical economic models predict that prices should drive factors such as labor and capital across regions and countries toward their most valuable use. As this happens, developing countries, which are typically labor-rich and capital-scarce, should experience more rapid growth, higher income, and eventually convergence to industrial world levels of well-being. This process is happening slowly in some cases, but in other cases not at all. Do migration and trade speed this convergence? If so, how? If not, why?