Phase 4 IP - REFUGEE IMPACT 1 Global Managerial Economics...

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REFUGEE IMPACT 1 Global Managerial Economics Phase 2 IP Sharon Patton 4/18/2016
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REFUGEE IMPACT 2 I read the blog compilation of How will refugees affect European economies? The blog speaks on the impact on public finances, the impact on labor markets, the impact on health care systems, and lastly experiences from other economies coping with immigration. Seeing there is a large inflow of refugees interring into Europe, the subject has arisen as to what type of impact it would have on the European economies. The Economist finds that the reason the refugees pay lower taxes is because they are taking lower levels of employment, therefore there is not a huge impact on the public monies. While Mark Schiertz, concerned about the how much refugees would cost the country, found the cost to be minimal when the GDP has the potential to rise from 0.3%GDP to 0.6% GDP. Lidia Farre also reviewed the impact on the labor market to find that as far as the native’s employment, the refugees were not causing loss of employment. But instead because of little education or low-skilled, were taking jobs minimum wage employment. Hans Werner Sinn, ultimately would like to lower the minimum wage, which would allow people to work and would cost the public less. Massimiliano Cali, shows that the inflow of refugees into other countries also as a positive affect on the GDP, which increases the economy, because the final fact is that refugees add to the workforce.
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  • Summer '16
  • Economics, Economy of the United States

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