Documente Academic
Documente Profesional
Documente Cultură
Student’s Name
Professor’s Name
Course
Date
innovations that come from the universities, flexibility of a workforce, the dynamism of
entrepreneurs and a more itinerant population who are flexible and able to switch location in
Although most of the economic discussions pay greater attention to ways more punitive
measures to revive declining productivity growth, this should not be the case as these attempts
downplay the actual point of focus. America’s economy is determined not only by the output per
employee but also by the number of personnel joining the labour force. America’s workforce
comprises of the natives and immigrants who have attained the legal working age. However, for
the last two decades, the United States’ plus in productivity growth has lessened piercingly, while
its population advantages compared to both Europe and Japan, have fundamentally held stable.
productivity growth between the leading developed countries. Sharma attributes this to the ease at
which production technology spreads across nations. However, he states that the trend of change
across productivity spans within the developed nations. Regardless of which two countries
compare, the pattern is constant. Therefore, the efforts of any state to regain remunerative
Ruchir Sharma compares the economy of the United States and that of Japan and Europe
in which he notices that they all have grown at a rate of 0.6 per cent each year. However, he
states that the economy of the United States is higher than that of Europe and Japan. His
justification for this scenario is that the United States has embraced immigrants and had more
birth rates than its competitors. He further explains that if the population of the United States
were growing at a rate similar to that of Japan, its position in the world economy would scale at
15 per cent and not the 25 per cent that it currently holds (Sharma, pg.2).
the article emphasises this by comparing the economy of countries that embrace immigration
such as Canada to that of states that limit immigration such as Japan. In comparison, Canada is
experiencing faster economic growth than Japan. The policies drafted by president Trump aim at
reducing the immigrant's flow to the United States. The idea to cut on the immigrants’ flow will
handicap the global economic growth of the state. First of all, workers are the primary source of
financial strength implying that a restriction on immigration reduces the population of a nation. A
reduced population may fail to provide adequate labour power which will impact the economic
productivity of the state. While the United States is focusing on reducing the “net flow of
immigrants” (Sharma, pg.3), countries such as France are offering baby bonuses to help raise the
In the United States where policies are restricting immigration, the economy will change
from global to a domestic level. In the article, Sharma states that as much as the United States
limits migration, the more it will undermine its economic growth which will consequently make