Lecture 13. People: Migrants and their Money

This is the second lecture concerning the global transaction involving people and labour. This session is about migrants and migrant labour. Two approaches are taken. The first, the human capital approach that illuminates that migration is a material transfer from the labour exporting country to the labour importing country. The second is the sociology of work approach in which the migrant is seen as socially disadvantaged labour unable to secure higher wages or better working condition. This situation results in a net gain for direct employers of migrants but a possible loss for the local low-waged. This situation is important to political risk analysis. The session ends with the other important transaction from migrants - their remittances to the home country. These flows have been important in recent years and have altered the importance of the migrant in the global political economy.

10 slides

1. Migration and Migrants

2. Migration is a Human Capital Transaction between Societies

3. Migration as a Category of Labour

4. Migrants, Domestic Politics and Political Risk

5. Average Family Income of Mexican - American Children by Generation - 2000

6. Average Fiscal Balance of Migrants in Netherlands 2002

7. Remittances are the Second Largest source Finance for developing Countries

8. Migrant Remittances Lower Debt Service Ratios

9. Circular Flow Migrants Remittances - an Illustration

10. Financial Flows and Global Politics