The economic disparity between countries and within emerging economies is the principle cause of the current global economic crisis. It is generally known that the lack of employment opportunities in the emerging economies is forcing workers to migrate to the more industrialized economies world wide in the search for employment opportunities. The problem of unemployment in struggling economies has turned into a global crisis because of the decline in demand for consumer products has reduced employment opportunities in the industrialized nations.
Because the more industrialized economies currently have more workers than they can employ the situation is creating a major cost burden for their tax payers. Large expenditures by governments for welfare, unemployment benefits, medical treatment and housing subsidies, to meet the needs of the unemployed are increasing taxes on the working people who are already having trouble making their income meet their basic needs. Governments have resorted to borrowing money to meet the challenges of the immigration cost burden which is increasing the debt to an unsupportable level and transferring the cost of the incoming immigration and unemployment to future generations.
The postings to this blog describe a strategy for Creating Global Prosperity for all people in every nation, including those in the emerging economies, by establishing a Global Home Building Industry that will generate jobs for hundreds of millions of workers worldwide and reverse the need for migration. Trillions of dollars invested in home mortgages in emerging economies will create opportunities for employment worldwide. Loans would be made to qualified homebuyers that are employed and the affluent for the development of quality homes constructed to modern standards.
Workers from around the globe will go to or return to the booming emerging economies to take advantage of opportunities to share in the enormous increase in prosperity. The spending of the money disbursed during the development and construction of homes and communities will increase the demand for imports by the emerging economies. This will require that the existing global manufacturing capacity be revitalized, putting millions back to work. Read the following posts to learn how the strategy can be implemented. Please feel free to comment and make suggestions.
Because the more industrialized economies currently have more workers than they can employ the situation is creating a major cost burden for their tax payers. Large expenditures by governments for welfare, unemployment benefits, medical treatment and housing subsidies, to meet the needs of the unemployed are increasing taxes on the working people who are already having trouble making their income meet their basic needs. Governments have resorted to borrowing money to meet the challenges of the immigration cost burden which is increasing the debt to an unsupportable level and transferring the cost of the incoming immigration and unemployment to future generations.
The postings to this blog describe a strategy for Creating Global Prosperity for all people in every nation, including those in the emerging economies, by establishing a Global Home Building Industry that will generate jobs for hundreds of millions of workers worldwide and reverse the need for migration. Trillions of dollars invested in home mortgages in emerging economies will create opportunities for employment worldwide. Loans would be made to qualified homebuyers that are employed and the affluent for the development of quality homes constructed to modern standards.
Workers from around the globe will go to or return to the booming emerging economies to take advantage of opportunities to share in the enormous increase in prosperity. The spending of the money disbursed during the development and construction of homes and communities will increase the demand for imports by the emerging economies. This will require that the existing global manufacturing capacity be revitalized, putting millions back to work. Read the following posts to learn how the strategy can be implemented. Please feel free to comment and make suggestions.
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