Economics the Issue of "Liberal Immigration of Term Paper

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Economics

The issue of "liberal immigration of non-professionals" can be compared to a similar process going on in the European Union. As we know, 10 new countries, many of them from Central and Eastern Europe, have joined the European Union in May 2004. This meant a high increase in the number of non- professionals who now had free access to the European labor force market. Second of all, the countries that have not yet entered the European Union, but are due in 2007 (Romania and Bulgaria), no longer face the visa requirements and many non- professionals from these countries have gone West in search of work. The obvious consequence of this measure was that, similarly to the United States, a certain surplus on the labor market is quite noticeable. Such a surplus and the difference between high offer and lower demand mean a reduced possibility of reducing unemployment, both in the United States and the European Union.

B. Again, the comparison with the European Union comes to mind. Here too, anti-trust and competition regulation find themselves facing the same problem: how can one limit the overwhelming monopoly power on a national basis, but, at the same time, maintain powerful companies for the increasingly competitive global environment?

Any anti-trust legislation needs to best cover and counterbalance these two different aspects.

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In my opinion, the anti-trust laws are in no way outdated, because we have not seen one single case in which a company was forced to give up some of its assets in order to respect anti-trust laws and has subsequently grown less competitive on a global basis. Of course, we can relate to the famous Microsoft example. However, the application of the anti-trust legislation in this case did not mean that Microsoft's global position was in any way undermined: Microsoft remains the number one global software player and will probably remain number one for the following period of time as well.

C. Both of these statements are clearly correct. Indeed, the sports industry is a leisure industry and, as such, can be deemed as not critical to economical progress or the quality of life. Second of all, this is perhaps not the best example that can be given in this case.

In my opinion, one of the best examples of cartels may come from the European Union, where several pharmaceutical companies, including La Roche, formed a cartel that operated at a continental level and that included price regulation and dividing the suppliers between the members of the cartel. Obviously, this….....

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