Can Labour Migration Counter Asymmetric Macroeconomic Shocks?

The topic of labour migration overlaps many branches of study under the social science umbrella. There are many studies which have examined the effects of labour migration on home and destination countries. In this book, the author attempts to cast a new light on the labour migration topic by introducing an analysis based on the Edgeworth Box. The book describes the different aspects of movement of workers and conceives it as an important adjustment mechanism to counter asymmetric macroeconomic shocks. It concludes that labour migration is a dynamic process which entails unpredictable outcomes for both the home and host countries. The point of departure rests on the premise that labour migrants decisions' impact on both home and destination countries. Overall, the study argues that in view of the dynamics associated with the labour migration process, it can only be considered as a temporary adjustment mechanism to counter asymmetric macroeconomic shocks.