Economic Globalization Questions
The role of international migration in economic globalization is significant. It facilitates the movement of people across borders, allowing for the exchange of labor, skills, and knowledge between countries. International migration contributes to economic globalization by filling labor market gaps, promoting economic growth, and enhancing cultural diversity. It enables the transfer of remittances, which are financial resources sent by migrants to their home countries, thereby boosting economic development. Additionally, international migration fosters the transfer of ideas, technology, and innovation, leading to increased productivity and competitiveness in the global economy. Overall, international migration plays a crucial role in shaping and driving economic globalization.