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Exceptional People: How Migration Shaped Our World and Will Define Our Future ReviewIn a recent interview, Ian Goldin said (and I am paraphrasing) that if he was ever made dictator of the world for one day he would prohibit people who don't believe in globalization from consuming or using any product that was produced in a foreign country or was made from raw materials that have come from other countries. These people will be so miserable. They will not be able to use cell phones, cars, etc... Well, you get the point.In this book, the authors lay down the case that immigration is good for the sending countries, it's good for the receiving countries, it's good for the migrant and it's good for the world in general. The authors provide plenty of empirical evidence to back this argument. To state a few:
1.According to data from the World Bank, migrants send back home over $350 billion a year, a sum much greater than all world aid granted to developing nations.
2. A big part of this money goes to education for the next generation, which helps grow the economy over the long run.
3. At an aggregate level, immigration stimulates the economy of receiving countries because low skilled foreign workers often take the jobs that are not wanted by native workers. Furthermore, by taking these jobs, business are able to offer services at a lower price which every consumer benefits from. According to the authors, "in the late 1980s and 1990s U.S. cities that had high levels of immigration saw reductions in the costs of housekeeping, gardening, child care, dry cleaning, and other labor intensive services." (p.167).
4. A common fallacy is that foreign workers rely on social benefits and therefore are a drag on taxpayers and the economy in general. According to the authors this is just not true: "Research based on data from 2004 to 2008 on the net fiscal impact of the immigration of Polish, Czech, and other migrants to the UK from ten countries that joined the European Union in 2004 showed that the migrants contributed 'significantly' more in taxes than they received in benefits and services." (p.170).
5. Highly skilled foreign workers also contribute by starting new businesses and creating new jobs. Migrants have founded Google, Intel, PayPal, eBay and Yahoo. Moreover, migrants account for around 25% of all global patent applications from the United States.
This book couldn't have been published at a better time when governments all over the world have been implementing stricter and stricter rules against immigration due to the financial crisis. Hopefully, policy-makers will read this book and implement some of its ideas.
In conclusion, this book is well argued and researched. It has plenty of interesting statistics and profound ideas that will be greatly appreciated by people interested in such topics. Highly recommended.Exceptional People: How Migration Shaped Our World and Will Define Our Future Overview
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