Hello...
Read this:
About offshoring and immigration and macroeconomics..
I am a white Arab, and here is my questions and my answers about
offshoring and immigrantion and macroeconomics, read my following thoughts:
Questions:
What do i think about offshoring and macroeconomics?
Answer:
At the monetary policy level, inject or withdraw a mass
monetary policies help to control inflation and to stimulate
the economy by credit which result in more overall spending which
it leads to economic growth and more investment which is beneficial for
growth , except that monetary policy has a weakness if the borrowers are
too much at risk of bankruptcy as was also the case in the united states
in the crisis of years 2000.
Also the second lever is the Keynes tax policy:
Keynes recommends using an expansionary fiscal policy in case
recession: reduce taxes and increase the state. In case of inflation, he
recommends doing the opposite.
The other criticism I make on the far right political parties, is that
the far right makes us think offshoring as being just bad, but I do not
agree with them, because read the following:
Offshoring increases demand for more workers
"qualified" and also have a significant positive effect on
productivity, in Canada it is an increase in the "productivity" of
order of about 10%, also according to some recent research
the Offshoring of materials and services have both a
positive and not negligible effect on productivity.
When it comes to the repercussion on employment, the majority of
empirical studies suggest that the general repercussions of offshoring
on the employment levels are low (Amiti and Wei 2005, Mankiw and Swagel
2006).
For proof, read the following document:
https://translate.google.com/translate?hl=en&sl=auto&tl=en&u=https%3A%2F%2Fwww150.statcan.gc.ca%2Fn1%2Fpub%2F11f0027m%2F2008055%2Fs6-fra.htm
I observed more closely the model of for example the French system,
and I found that contrarily to England, for example the weight of the
public service in France is much more than that of England, but what
disturb me the most is that this French model tends to create between 0
and 1% of economic growth which seems to me problematic because this
very low growth rate in France can not compensate for the high birth
rate that creates 150,000 new workers returning new to the job market
every year and this tends to create a high rate of unemployment and is
not able to lower the rate unemployment and this too has created a large
debt and continues to create deficits and debt, and this seems to me
problematic for France , so what to do in France to unlock growth
economic and reduce the rate of unemployment? i think there is a
solution that is reduce the size of the state to increase public revenue
too, and also "reduce" taxes, because it is agreed that a lower taxes
mechanically stimulates growth by the effect of the "multiplier
"tax effect": indeed, it results in an increase in households or
corporate profits, which favors consumption and/or investment, and
therefore, indirectly, the production and employment, so it reduces
unemployment.
Read the rest of my thoughts that i have extended:
About populism..
You are noticing that we are getting more and more into populism in
some western countries..
But what is the cause of this populism ?
I think that there is some misunderstanding between Democrats
and Republicans in USA, for example Democrats know about
the problem of globalisation that is because of the low living
conditions of China and third world countries they are capable of
providing lower price products than the western countries , this causes
also many industries of western countries to move to to China and to
third world countries to be able to be competitive. But Republicans are
not understanding Democrats, because Democrats know about this problem
of globalisation and they say that USA "must" create enough high value
and high quality products like in Germany to solve a big part of the
this problem of globalisation, thus the that lower class and middle
class also has to adapt by being more skilled and more educated to be
able to be this more quality and be more competitive, this is what was
lacking the in USA, this is why Democrats are not in accordance with
republicans, because they say that USA has to be more inventive and more
educated and more skilled to be able to solve this kind of problems of
globalisation, but governance of republicans of USA is based on this
populism that is not in accordance with what Democrats want, France and
other western countries have this same problem, please read my above
writing on France and Offshoring.
And about immigration now:
Look at this following video about:
Why Does the USA Need More IMMIGRANTS?
You will notice that the West "needs" immigrants because they are also
good for economic "growth".
But please look carefully at the following video to understand more:
https://www.youtube.com/watch?v=DmRgnDrhE9o
Thank you,
Amine Moulay Ramdane.