Question

how immigrants foster innovations and how it lead to economic growth of the host country????

"Not only have Immigrants been shown to foster innovation they have also shown to add substantial economic benefits to the us economy as a whole"

i mean explanation for this quote???

Answer 1

Immigration and therefore immigrants have a number of implications n a country’s economy which is based on the factor of their role and outcome of their interaction with the country.

We can say that immigration brings economic prosperity for a country where the immigrants are skilled, diverse as well as provide the business of the country an added advantage of cheaper labor. While cheap labor and skilled labor are not mutually exclusive, we can say that immigrants do tend to have a lower wage requirement than a resident of the same country.

On one hand, they create economic prosperity by bringing in a number of different skills, culture, and knowledge into perspective, increase the residential and housing industry's business as well as bring about a better work perspective for multinationals, it is also beneficial in bringing of foreign investment from the different countries into the multinational organizations. We can say that when we specifically consider scientists and engineers from another country, they bring about increase in the aspect of knowledge transfer, technological interaction as well as increase in the capabilities of the country as a result, it creates a better outlook for the country's own businesses and therefore has an implication in the economic prosperity of the country.