3.5B international migration

• Elite migrant:

  • countries with higher levels of equality
  • social status
  • seeking more global hubs
  • bring money and skills
• elite migrants = associated with the mobility of highly skilled professionals in elite occupations such as sport, politics and art
• Russian oligarchs = Flow of wealthy Russian migrants who buy up housing in London to protect their assets from the Russian government in tax havens.

  -> 82% of property deals in London were from foreign buyers
• UAE - India:

  • 20mn Indians live in the UAE (30% of population)
  • $15Bn is returned to India each year in remittances
  • 11% of the UAE's GDP Is from is sent out of the country as remittances
• • International migration causes economic independancy, strengthens social and political ties
  • Friedmans 1990 evidenced this - "countries with interlinking economies would maintain good relationships
• Low wage migrant = come from low income countries, which come for economic improvement and cheap labour.