Open migration policy can solve the problem of global poverty: Issues In Global Economy

Global poverty is becoming a concern to the world because of its high growth rate especially in the developing nations. Poverty refers to lower standards of living where citizens of a particular country are not empowered economically. There are some ways that countries are embracing to ensure that poverty is reduced to the lowest level. High poverty levels in a country is a great risk since this will bring more problems to the state. One of the most important thing that one needs to understand when offering a solution to poverty is the cause. In this case, for example, unemployment is seen to be among the main reasons as to why people remain poor in the developing nations (Smith 54).

There are a number of policies that governments can use to reduce poverty globally (Amir ). An open migration policy is one of the initiatives that can be implemented in order to ensure development across the world. Achieving an economically empowered society needs that a higher percentage in the state should be employed. This implies that one can be in the form or even in the informal employment where he or she can generate income. Open migration policy could impact on the global poverty because this is likely to open up new opportunities for businesses and employment globally (Thacker, 28). Open migration policy be a solution to the growing poverty levels through different ways. One of the remedies that this policy is likely to impact is the issue of unemployment.

The level of unemployment is alarming globally and as a result, majority of individuals find it difficult to secure employment opportunities after school despite their good performances. As a result, most graduates end up being hopeless and jobless in the society. This therefore results to them being dependent on their parent for their upkeep (Sauvant, Kristin & Ince, 267). Consequently, discussion of implementing open migration policy will enable unemployed individuals to secure jobs in different countries to secure existing employment gaps that are available. This is very practical since some countries lack enough workforce to develop their society (Gilabert 67). Such countries offer a better chance for the unemployed, especially from the developing nations. When people become employed in foreign countries, they will be able to empower themselves economically and even uplift their family and society in general. Also, both economies (host and home) will benefit as a result of the individual growth. Therefore, the policy will lead to decreased unemployment levels across different countries globally (Fetzer 104).

Creation of business is one of the best ideas that can be used as a means to alleviate poverty across different world continents. However, at times limiting citizens to conduct business in their country might not be good for the economy. As such, an open migration policy where business can be conducted even by foreigners in a host country will reduce the poverty level (Bussolo 101). Through business, one can create or generate income in a society which he or she might choose to develop at his or her home countries. It is because some individual lack opportunities to undertake business that they are passionate about because they dream of setting them in a foreign state where they have no opportunity (Sauvant, Kristin & Ince, 277). Therefore, through an open migration policy, one can be able to open new businesses in potential markets in other states. In this case, still, both countries can benefit since the business will be able to pay tax to the host government and the individual can use the earned profit to develop at his or her home country (Fetzer, 104). The policy should ensure that licenses can be easily accessed by the foreigners on the host country so as to make it easier for them to set up businesses. Also, the open migration policy should also include a number of exceptions to enable foreigners to operate well in another country that they wish to move in doing business.

Global poverty can also be reduced through the transfer of skill and workforce from one nation to another. Skills transfer are very important in the process of poverty alleviation. This is due to the fact that activities can be conducted smoothly and efficiently (Thacker, 27). A country with a variety of skills is likely to have reduced poverty levels compared to countries with limited skills. For example, there is a great difference between the developed nations and developing nations which is due to limited skills in the developing states (Mancilla 45-47). An open migration provides an opportunity for individuals to move at free will across the nations. In this way, businesses in foreign countries can choose to outsource the best-skilled workforce from other countries. This is likely to uplift such individuals from poverty.

Also, the organizations and the host countries are likely to benefit from the impact that is put by the skilled brains in their country. However, the home country might not benefit much especially if the skilled personnel are limited. For example, world-class professors from African countries tend to move from one state to another in search of greener pastures (Cline, 213). Such an individual create a significant gap in the home country considering the years of experience and educational background that is rare. Therefore, this should not be encouraging especially with limited skills in order to allow equal development across all countries around the world.

High wages can be attributed by the foreign jobs available. In most cases, people shift from their countries to other developed or first world nations because of the high rates regarding wages. Therefore, the policy will encourage people to look for opportunities where they can be rewarded with a higher wage compared to the wages that one can receive in his or her home country. When one earns a higher amount, he or she automatically uplifts himself or herself economically and even have a positive impact to their home economies. This is the way through which poverty can be reduced across the world (Allport, and Ferguson 98). All the above points explain how the home economies will benefit from the initiative. Additionally, the levels of wages determine the capacity of an individual to empower himself or herself by exiting poverty (Sauvant, Kristin & Ince, 254).

In summary, poverty has become a long-term problem that needs to be offered an immediate solution before it gets out of hand. Poverty problem across the world cannot be solved by a handful of countries but through a collaboration of all countries. Also, policies like open migration are likely to impact the economies of many countries and the stakeholders involved in the business. However, there is need to consider other policies that will help reduce poverty as well. It is because poverty remains to be an enormous problem that cannot be solved using a single hand policy (Smith 76). Also, not all individuals are ready to migrate to other nations, and thus there is need to provide this particular lot with other options which they might use to uplift themselves from poverty. Finally, there are different levels of poverty. For example, chronic poverty cannot be solved using such policies since some individuals are poor because as a result of their health conditions or disability problem. There is need to provide them with preferences that suit their condition.


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