Labor mobility impacts global economy from "summary" of International Economics by Robert Carbaugh
Labor mobility refers to the ability of workers to move from one geographical location to another in search of employment opportunities. This movement of labor has significant implications for the global economy. When workers are able to easily relocate to areas where their skills are in high demand, it can lead to increased efficiency and productivity in those regions. This can result in a more optimal allocation of resources and the potential for higher economic growth.
Moreover, labor mobility can help address labor shortages in certain industries or regions. For example, if a particular country is experiencing a shortage of healthcare workers, it can attract foreign healthcare profes...
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