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The Impact Of Immigration On The Global Economy: Goldman Sachs

Immigration has become a hot-button topic all across the globe over the last few years, and is not limited to the United States. Throughout the course of human history, hungry or otherwise desperate people have left their homes to immigrate to other areas where they could make a new and better life for themselves. Unfortunately, in the 21st century, there is often nowhere for desperate people to go as large numbers of immigrants are not welcome in most countries.

The immigration issue has been simmering for decades along the southern border of the United States, and immigration has led to controversy or even violence in in India, Europe and across the Middle East. The ongoing violence in Libya, Syria and Iraq has led to a more pressing immigration crisis in Southern Europe today, as the continent is trying to deal with hundreds of thousands of refugees fleeing the violence in these areas.

The September 2nd edition of Goldman Sachs Group Inc (NYSE:GS) Fortnightly Thoughts explores the issue of immigration, focusing on recent trends and highlighting possible impacts on macroeconomics and investments.

Immigration is growing

GS analyst Hugo Scott-Gall and colleagues point out that immigrants now account for 3.2% of the global population, a notable increase from 2.8% in 2010...