Impact of international migration on patents, innovation, economy and business strategy

Abstract

Socio-economic traumas due to civil wars, terror attacks, climate change and regional instability accelerate the migration in the world. Particularly with the efforts of manipulation of populist and radical right politicians, it is getting common to see migrants as a source of problems. The more international migration living in the country adapt to the employment, business sectors and labour market, the more successful they can be in social cohesion. Thus, applying a policy of open gate, receiving countries need to consider the issue of migration in terms of both economy and humanity. International migration can contribute to innovation, business environment, patents and economic growth. Migrants increase the ethnic and cultural diversity where they settle. Is international migration a burden on the consumer price index, competition on the business environment, unemployment and public finances in the states? This chapter will examine the impact of migration in developing and developed countries, economic growth, unemployment, competition on business sector and consumer price indices, and the need for migration in consideration of countries’ ageing population.