New Study Shows the Economic Benefits of Diverse Immigration

How diversity puts people to work.

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According to new research from the University of Chicago, immigration diversity helps boost local economies. Immigrants, their children, and grandchildren give cities and countries advantages in establishing trade and investment relations with the sending countries. According to Tarek Hassan, an economics professor at the University of Chicago’s Booth School of Business,  “It’s clear from our study that ethnic diversity enhances your ability to both attract investment and do business in the world.”

Professor Hassan, a co-author of the study, told Bloomberg News that the United States’ advantage in the world economy is “at least partially explained by its ethnic diversity and its ability to interact with many many different places.” Not only does diversity allow American businesses to thrive overseas, it also attracts foreign investment here in the U.S.

 

 

 

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Patrick Young blogs daily for Long Island Wins. He is the Downstate Advocacy Director of the New York Immigration Coalition and Special Professor of Immigration Law at Hofstra School of Law. He served as the Director of Legal Services and Program at Central American Refugee Center (CARECEN) for three decades before retiring in 2019. Pat is also a student of immigration history and the author of The Immigrants' Civil War.

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