timelets: (Default)
[personal profile] timelets
From Eric Posner and E. Weyl, Radical Markets:


USA - 1:9
Bahrain, Oman - 1:1
Saudi Arabia - 1:2
Singapore - 2:3
Australia - 1:2

In high-ratio countries, economic benefits of immigration come with severe rights restrictions and efficient police enforcement attached.

Date: 2018-07-07 02:40 am (UTC)
lm644: (Default)
From: [personal profile] lm644
Bahrain and other Gulf countries are different from Singapore and anybody else. The oil wealth distorted their economies in a very particular way: all natives share (to various degrees, depending on the population size) in the wealth either by direct revenue distribution via certain benefits (housing, education, health care, income support) or through pretty much guaranteed public employment. In short, migrants are the only ones who work, and that is not healthy.

Date: 2018-07-07 01:00 pm (UTC)
lm644: (Default)
From: [personal profile] lm644
There is a strong push from the top to change that - but it’s an uphill battle.

Date: 2018-07-07 05:48 pm (UTC)
lm644: (Default)
From: [personal profile] lm644
True. However, this is only a part of the story. There is a generational change taking place; income disparity represents bigger challenge every year (KSA is neither Qatar nor Abu Dhabi, with their minuscule populations); religious authorities became too strong; etc.

Profile

timelets: (Default)
timelets

January 2026

S M T W T F S
     1 2 3
45678910
11121314151617
18192021222324
25262728293031

Most Popular Tags

Page Summary

Style Credit

Expand Cut Tags

No cut tags
Page generated Jan. 5th, 2026 09:01 pm
Powered by Dreamwidth Studios