GA 2: Economic and Financial
-Economic impact of migration on host countries
Why do people migrate?
In most cases, people choose whether or not they want to move. But sometimes-due to many factors-people may be forced to change their location. Migration brings many changes for both the immigrants and their host country. This year, ECOFIN will be debating on the economic impact of migration on the host country.
Growing population means a growing economy. When people migrate, developed countries usually become the host. Their economy gets affected as a result. The size of the informal sector of the economy increases as immigrants are willing to take low paid jobs, often under inhumane or exploitative circumstances. An increase in productivity and in some cases increase in poverty can be given as examples of consequences of immigration.