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Sierra Knotts
Shore Regional
Dominican Republic
Economic Commission for Latin America and the Caribbean
Effects of Migration on the Economy
Migration has always played a monumental part in the global economy, even starting
back to the fifteenth century: “In 1492, Columbus sailed the ocean blue.” And although this was
only a simple rhyme to help young scholars remember the date, the one-lined poem can help
explain the effects of global economy. Why did Columbus sail away from Europe on a small
ship destined to never even reach India? It was to establish a trade route to India. And thus
began global migration for the economy.
After Columbus’ great discovery of the New World, the slave trade began another boost
for the economy of the known world. But the method of mobility, namely the Middle Passage
across the Triangular Trade Route, did not exactly deliver the merchandise fully capable.
The current economy is spurred on by the mobility of migration throughout the world,
and the way to get to places is much better than wooden ships. In the twenty-first century, ways
to get around the globe include airplanes, cruise ships, helicopters, jets, cars, trucks, and even
motorcycles. And in today’s world, the reason for migrating is mainly to get a job, to make a
living, to make money, and to support either a family or self. Where there is a job, there are
people following it. And although it is giving people jobs and allowing them to make a living,
people are leaving the “slums” and coming to more heavily populated places. The “slums” are
left in desperate need for someone, anyone, to come and saving their economy from plummeting
into a depression.
But the effects of migration are boosting the global economy insofar (i.e. People moving
to new places need new homes, thus calling upon architects and landscapers, and construction
workers to build more homes). It is the domino theory in effect. One causes another to cause
another, and soon enough, it has made an impact on the global economy.
Currently, the global economy is neutral; Boosts from areas where work is abundant and
economic distress from places where it is not. Our commission has a responsibility to help solve
this stalemate and help keep the economy growing and growing. Everyone deserves a chance to
live their dream, and the Economic Commission for Latin America and the Caribbean can do that
for people. By working together, the ECLAC states can retool our governmental tools to support
the shifts of people away from economically stressed places to work-abundant areas. We can
provide growing corporation chains in places that need help. This will enable people to get jobs
quickly and easily. Homes and towns will be rebuilt. For example, the most rapidly growing
fast food chain all over the world is McDonald’s. The employees, of which there are many in
each restaurant, receive benefits such as:

Free Meal Allowance

Paid Holidays (4 weeks per annum)

Free Life Insurance

Private Health Care

Sponsorship Program

Stock Purchase Scheme

Employee Discount Card

Service Awards

Stakeholder Pension
With chains like McDonald’s in areas that do not offer jobs to the citizens easily,
community members can hold jobs and receive benefits that come with said job. The economy
around these areas would rise, giving the opportunity for people to stay in these areas, instead of
migrating to already heavily populated areas.
With these factors set in motion in states of the ECLAC, the experienced states can help
newly developing places to make the same transition. Not only will this action help friendly
relations blossom, but the more areas with greater economies, the greater the economies of the
global community.