Asked by Mario Golden on May 01, 2024
Verified
Remittances and backflows of experienced workers
A) reduce the efficiency gains from migration.
B) reverse wage equalization that occurred with the original migration.
C) exacerbate the problem of "brain drain" from developing nations.
D) redistribute gains toward the original emigrant nation.
Wage Equalization
The concept of aligning wages or salaries across different regions, industries, or roles to achieve fairness and balance.
Remittances
Money sent by individuals working abroad back to their home country, often to support family members.
Brain Drain
The phenomenon of skilled professionals emigrating from one country to another, often in search of better opportunities.
- Analyze the impact of remittances on the economies of emigrant nations.
Verified Answer
ZK
Zybrea KnightMay 04, 2024
Final Answer :
D
Explanation :
Remittances and the return of experienced workers redistribute gains toward the original emigrant nation by bringing back financial resources and skills that can benefit the local economy. Remittances provide financial support to families and communities, while returning workers can bring back valuable skills and knowledge.
Learning Objectives
- Analyze the impact of remittances on the economies of emigrant nations.