20 Economics Essay Topics Hot Issues Related to the Worker#8217;s Remittance

20 Economics Essay Topics Hot Issues Related to the Worker#8217;s Remittance If you are tasked with writing your next 5 paragraph essay on worker’s remittance, you might struggle to find an appropriate topic. It is for this reason that a handful of potential topics are listed below: Why Are Migrant Remittances the External Sources of Capital among Developing Countries in a Region of Your Choosing How Migrant Remittances Grow in Spite of Falling Capital Market Flows/Foreign Direct Investments How Remittances Compensate Human Capital Loss for a Developing Country of Your Choosing Determinants of Remittances in an Area of Your Choosing Transfer Channels Used for Workers Remittances in an Area of Your Choosing Methods Used to Estimate Workers Remittance Flows Costs of International Money Transfers on Fund Transfer Markets in an Area of Your Choosing Effects of Remittances on Inequality in an Area of Your Choosing Growth and Balance of Workers Remittance Payments in an Area of Your Choosing Performance Based Pay’s Impact on Remittances in an Area of Your Choosing Why Workers Remittances Move Counter-Cyclically with GDP in an Area of Your Choosing Behavior of Workers Remittance Flow in an Area of Your Choosing Countries Where Workers Remittances Are the Largest Source of Financing Why Are Workers Remittances Unilateral Transfers How Workers Remittances Mitigate Future Liabilities like Profit Transfers Factors Which Motivate Worker’s Remittance How Parallel Reductions of Remittances Can Deepen Financial Crises How Parallel Reductions in Workers Remittances Can Reduce Credibility of a Recipient Country of Your Choosing How Reductions in Workers Remittances Can Contribute to Economic Instability Impact of NAFTA on Mexican Workers Remittances Sample 5 Paragraph Essay: Impact of NAFTA on Mexican Worker’s Remittances On January 1, 1994 the North American Free Trade Agreement (NAFTA) was put into practice, eliminating most of the barriers to trade that had existed between the United States, Mexico and Canada. Some barriers to trade were removed immediately, while others were removed over a period of time. NAFTA addresses textile and apparel, transportation, energy, intellectual property, investment and more. After the creation of NAFTA, two additional related agreements were created to address labor and environmental issues. Prior to NAFTA, U.S. exports to Mexico were in a decline. After NAFTA was introduced, that trend was reversed and 72% of the agricultural products imported into Mexico in 2007 were from the U.S. This agreement has negatively impacted local Mexican labor leading to higher levels of workers remittances. It has also negatively impacted the agricultural sector of Mexico leading to higher levels of workers remittances after workers migrate to America. Finally, it has increased the number of farmers who migrate for long periods of time away from families in search of illegal jobs in America leading to higher levels of workers remittances. Due to NAFTA Mexico has made strides in nearing the levels of exports of the United States and Canada. Mexican imports to the U.S. have increased four times since the implementation of NAFTA, rising from $60 billion per year to $280 billion. In addition, Mexico has moved from a closed economy becoming open to investments and foreign markets. The amount of foreign direct investment in Mexico has also increased from $1.3 million prior to the implementation of NAFTA to $14 billion after the agreement was launched. Mexico has faced challenges as a result of NAFTA. For instance, the creation of the free trade agreement has not raised the standards of living nor has it created increased incentives for Mexican workers to remain in Mexico instead of migrating north and sending workers remittances. In addition, the agricultural sector in Mexico has suffered. The Mexican agricultural sector had been highly segmented and contained a large number of small and medium size farmers. It simply was not ready to bear the deregulation of the market as a result of NAFTA. In spite of initial promises by the government to impose tariffs that would ensure a more gradual transition, those promises were never implemented. Instead the market was opened up to imported farm and food products from the U.S. The effect was severe for small and medium size Mexican farmers, who found it difficult to compete with U.S. producers that were large and substantially subsidized. U.S. farms tend to be much larger in terms of crops and acreage and are often heavily subsidized. Consequently, products can be sold at prices that are much lower in Mexico as compared to locally grown products, particularly maize or corn. In America agriculture is primarily concentrated on a large number of farms in rural areas that are huge and specialized. Less than one-quarter of the population in the United States now lives there. These farms, which are highly mechanized and productive, employ only a small percentage of U.S. workers. In place of the work animals that were once used, some 5 million tractors are now utilized. As a direct result of this transformation, agriculture in the United States has become very efficient and able to contribute to the overall growth of the economy in the U.S. Output from farms in the U.S. has increased dramatically, making it possible for consumers to spend a much smaller percentage of their income on food. In addition, a large percentage of t he population has been freed to enter non-agricultural occupations that support economic growth and development. This transformation has been spurred by innovation in technology along with changing market conditions.   As a result, production agriculture has become a much smaller player in both national as well as local rural economies. Although an increasingly integrated market structure has been established in order to meet safety and quality demands from American consumers, global markets have also introduced new consumers at the same time as well as new competitors. This has led to workers illegally crossing the border into America in search of jobs, and using workers remittances to help their families back home. Overall, NAFTA has proven detrimental to the agricultural sector of Mexico which simply cannot keep in pace with American production. This has led to workers moving to America in search of jobs, both legally and illegally, which has impacted the rate of workers remittances. Moving where there is work, many farmers from Mexico leave their families for extended periods of time in order to send back as much money as possible. References: Aggarwal, Reena, Asli Demirgà ¼Ãƒ §-Kunt, and Maria Soledad Martinez Peria. Do workers remittances promote financial development?.  World Bank Policy Research Working Paper  3957 (2006). Amuedo-Dorantes, Catalina, and Susan Pozo. Workers remittances and the real exchange rate: a paradox of gifts.  World development  32.8 (2004): 1407-1417. Ascencio, Fernando Lozano.  Bringing it back home: Remittances to Mexico from migrant workers in the United States. Vol. 37. Center for Us-Mexican Studies, 1993. Barajas, Adolfo, et al. Do workers remittances promote economic growth?. IMF Working Papers  (2009): 1-22. Jongwanich, Juthathip.  Workers remittances, economic growth and poverty in developing Asia and the Pacific countries. United Nations Publications, 2007. Mohamed, Sufian Eltayeb, and Moise G. Sidiropoulos. Does Workers Remittances Affect Growth: Evidence from Seven MENA Labor Exporting Countries.  International Research Journal of Finance and Economics  46.14 (2010): 181-94. Neyapti, Bilin. Trends in Workers Remittances: A Worldwide Overview. Emerging Markets Finance and Trade  40.2 (2004): 83-90.

6 Proven Ways for Women to Get a Higher Salary

6 Proven Ways for Women to Get a Higher Salary By now, you’ve likely heard the rather grim statistics: on average, women earn less money than men for comparable jobs. In 2015, women made 80 cents for every dollar earned by men in the same roles, according to the Institute of Women’s Policy Research. The whys and hows of this salary difference is kind of a political football- everyone seems to have an opinion why that is, or even whether the gender gap truly exists. While that discussion is for another time and place, let’s go with the stats on this one, and look at how women can overcome challenges and pay disparities to improve their own salary outlook. 1. Be your own best advocate.The first thing you need to do is understand that this is your ball to carry. No one is going to come along with a big check and say, â€Å"You know what, you deserve more money. Take this!† No matter how awesome you are at your job, or how above and beyond you’ve gone lately, it’s most likely going to be up t o you to help ensure that you’re being compensated as much as possible.This is something I’ve struggled with personally throughout my career. I’ve always had the mindset of, â€Å"I’m gonna work really hard, and be really great at this, and people are going to notice and reward me accordingly.† Guess what? Praise and acknowledgment don’t necessarily translate into higher salary. Once I realized that it was on me to make sure I was making what I was worth- and taking positive, proactive steps to make that happen.2. Know your market value.This is key. Increasing your salary is going to be very difficult if you don’t really know what other people are making in your field and at your experience level. If your ask isn’t reasonable, your chances of getting a bumped-up salary are somewhere in the area of â€Å"laughed out of the room.†In another hard lesson in my career, a colleague who was leaving our company let me know what he was earning there (we had the same job title and responsibilities). It was significantly more than I was making at the time, and I was floored. When I brought this up to my boss, her response? â€Å"You weren’t supposed to know that.† Maybe not, in some unspoken â€Å"talking money is rude† kind of way, but I did know it, and it gave me a number to aim for when it came time for the annual review and salary increase.You shouldn’t have to rely on the grapevine to know what others are making, but you also probably shouldn’t walk right up to your coworkers and demand to see their pay stubs. We have tons of great tools available to us to find out what others are making in our industry, and what we can reasonably expect based on experience, location, etc.:Salary.comPayScaleGlassdoorYou can use all of these without having a single awkward conversation about salary and personal finances. Don’t hesitate to have as much information at your disposal as possible. And don’t let anyone convince you that it’s rude to talk numbers when it comes to your own career and salary goals.4. Negotiate every time.According to Stanford-based leadership expert Margaret A. Neale, women just don’t negotiate at the rates that men do. And in fact, Linda Babcock, author of Women Don’t Ask, found that while 57% of men negotiate salary, only about 7% of women do. Seriously, 7%! It looks like everyone- men and women alike- should be negotiating more, but especially women. Not negotiating is like closing a door without checking to see if anyone’s there. How do you know if there’s an opportunity to increase your salary if you haven’t even tried yet?And don’t think that negotiation is just for new job offers- you should be negotiating your salary at every chance, including annual reviews, after times when you’ve gone above and beyond at work or taken on new responsibilities successfully, and/ or when you discover that your market value is higher than your current salary level. Whether you’re a negotiation newbie or want to bump up your skills and become a master negotiator, we have plenty of resources for you:Your Comprehensive Guide to Negotiating SalaryHow to Get a Raise at Work6 Tips for Negotiating the Salary You WantThe Super Easy Guide: How to Negotiate a Raise and PromotionThere are also lots of experts online who have honed their negotiating skills, and want to share that information with other women. Resources like MichelleMotivateMe are a great place to start:Once you get over any hesitations about getting in there and playing the negotiation game, you’ll have started advocating for yourself and your salary goals in the best and most direct way possible.5. Think small (company).If you’ve tried negotiating and still fallen short of your salary goals, it might be time to think about switching companies. Hired.com investigated wage gaps at dif ferent kinds of companies, and came up with some intriguing statistics around the unfortunately traditional wage gap. It turns out that smaller companies and startup companies are less likely to have significant wage gaps, compared to companies that were bigger and more corporate, or that had been established longer.The thinking behind this? Small companies tend to have more visibility into salaries, which is an equalizer. If employees know that Frank two desks away is making more for the same job, the company has an employee relations incentive to keep things more equal. The other interesting angle was that startup (or â€Å"seed stage†) companies may have less pay disparity because they have less flexibility in the salaries they can offer employees, so they can’t really afford to offer one employee a drastically different salary than another employee in the same role.So what does this mean for your own salary? You might want to consider whether there are companies in your field that can offer you better salary- less established companies that you may not have considered before.6. Think outside your career box.If you feel like you’re stuck in a pay rut, you might also want to consider a job change. There are growing fields, like logistics/trucking, manufacturing, and information technology, where women are the minority of workers. Many women have the base skills necessary for these â€Å"middle-skill† jobs (which often don’t require a college degree), but just aren’t pursuing them at the same rate men are. If you’re looking for more opportunities to segue into higher-paying roles, one of these industries might be a great path for you. (Just don’t forget to negotiate!)The good news is that statistics may inform us about what’s going on, but they don’t have to define us- or our careers. There’s no reason to accept the status quo when it comes to your own career and your goals. If youâ €™re a woman and you’re interested in boosting your earning potential, you have tools to help you do that. And if more women take control of their salary destiny and start using all of those tools, we can start changing those stats, one closed gap at a time.