Business Law, Public Responsibility, and Ethics Commons^™

Migration, Trade, And Development, Federal Reserve Bank Of Dallas, The Tower Center For Political Studies, Southern Methodist University, Department Of Economics At Southern Methodist University, Jno E. Owens Foundation

eBooks

"Migration and trade are more prevalent today than ever before in the history of the world. The United States is the recipient of about one-third of the world’s migrants and accounted for a quarter of the world’s output and 13 percent of the world’s trade in 2005. But the global significance of the U.S. economy is slowly declining, and while the effects of migration and trade on the U.S. economy have been examined time and again, questions concerning the impact of migration and trade on development in low-income countries are of growing importance.

Simple, neoclassical economic models predict that prices …