The Economic Impact Of Syrian Refugees On Domestic Economies

The Economic Impact of Syrian Refugees on Domestic Economies Josh Devou Thomas College EC 212 Macroeconomics Professor Leland March 13, 2016 Abstract The Syrian refugee crisis is a complicated issue that could be broken down into many different subcategories: humanitarian, culturally or as discussed in this paper, economically. Refugees who arrive in another country have an economic impact on their host country that may not be easily measured immediately, but the potential results are by no means unpredictable. But by eliminating political bias, personal or cultural beliefs, and focusing on the population and its characteristics, a clearer picture of the true impact of refugees. By applying economic concepts mixed with studies of previous refugee crises and news of current adoption of Syrian refugees; the impact of unemployment, GDP, and inflation can be predicted as it relates to countries accepting the refugees. Introduction: According to Investopedia, economics can be defined as the â€Å"studies how individuals, governments, firms and nations make choices on allocating scarce resources to satisfy their unlimited wants† (2016). Economists and people in a country often think of the economy as having a fixed or relatively low growth/shrinking populations; but when global events happen like the Syrian Civil War, large numbers of refugees are created. Those refugees seek safer places to live and create new population growth in the countries that they settle orShow MoreRelatedThe Syrian Conflict Of The United Nations Inter Agency On Water Essay1250 Words   |  5 Pagesthe Syrian conflict moves into its sixth year, hopes for economic stability remain unclear in the Hashemite Kingdom. â€Å"Since the start of the violence in 2011, over 600,000 Syrians have sought refuge in Jordan. 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