1. The document discusses the economic similarities and differences between trade, investment, and labor migration. It presents classical economic theories that view them as substitutes, such as comparative advantage and absolute advantage theories. 2. International regulation of trade, investment, and labor migration is discussed. Trade has the most developed multilateral rules under the WTO, while investment agreements are largely bilateral. Labor migration lacks comprehensive global governance and policies mostly focus on high-skilled workers. 3. Immigration differs from trade in key ways. Economic gains differ between developed and developing nations. Countries may act unilaterally on immigration but trade requires reciprocity between partners. People do not behave like goods in terms of movement across borders.

1. People Are Not Bananas
How Immigration Differs From Trade
Giulia D’Andrea
Emad Aghasi Kermani
Lise Van Schalkwyk
December 4th, 2014

2. 2
Agenda
1
2
3
4
Trade, Immigration and Wealth Maximization
International Regulation
How does immigration differ to trade?
Critical Analysis
• Trade
• Investment
• Labour Migration

3. Trade, Investment and
Wealth Maximization
1

4. 4
Trade, Immigration and Wealth
MaTxirmaizdateio,n Immigration and Wealth Maximization
 Economic resemblance between immigration , trade and investment
 Classical economic theories
 Ricardo comparative advantage theory
 Smith’s absolute advantage theory
 Heckscher-Ohlin-Samuelson model
 Substitution of Trade and Immigration
 Mexico – US case
 Immigration as the source of value creation

5. International
2 Regulation
 Trade
 Investment
 Labour Migration

6. 6
International Regulation
Multilateral
Regional
Bilateral
Labour Migration
No Global Governing
Policy
Limited
Only Highly Skilled
Workers
BLMAs
Investment
Doha Rounds
FDI
BITs
Trade
WTO
NAFTA
ASEAN
ANDEAN
The Most Common
Between Two
Countries or Blocks

7. How does immigration
differ to trade?
3

8. 8
How Does immigration differ to trade?
Difference in
economic
gains
Developed
nations
behave
unilaterally
Humans
behave
unequally
Trade
reciprocates

9. 4 Critical Analysis

10. 10

11. Thank you
for your attention!