# of Words: 400
Interest rates have started increasing and there are other indications of economic downturns in major economies of the planet. International Labour Organization predicted that at least 20 million jobs will be dropped at the end of 2009 attracting global unemployment degree at over 200 million for the first time. The number of jobless folks may increase by more than 50 million in 2009 if the recession dissipates. Advanced economies like USA, Canada, Brazil, China, Japan, Hong Kong, India,......Read More
According to the economic models, it is a no-brainer: a surge of low-skilled immigrants must increase the interest of workers, driving down wages at the cost of working-class Americans. Sen. Byron L. Dorgan, explaining why he opposes legislation to allow more legal immigration, said recently: "I don't think you need a professor to understand that when you export substantial cheap labor, it displaces American workers." Recent research suggests that the economic effects of immigration is not so......Read More
It is generally believed that those immigrants who have had the guts to leave one state and proceed to another tend to be enterprising and entrepreneurialthough poor. In several countries, immigrants set up small businesses. Become easy targets when the overall economic conditions in that host country worsen. In other cases, people become immigrants because they have fleed conditions or persecution. In that situation, though they may reside in another country, it may be rather tough to adapt and......Read More
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