Investopedia

Continue to Site »

Economic Refugee

Filed Under » ,
Dictionary Says

Definition of 'Economic Refugee'

A person who leaves their home country for a new country, in search of better job prospects and higher living standards. Economic refugees see little opportunity in their own countries to escape poverty and are willing to start over in a new country, for the chance at a better life. An example of an economic refugee would be a computer programmer who makes next to nothing in his or her home country and emigrates, in order to collect a substantially higher wage.
Investopedia Says

Investopedia explains 'Economic Refugee'

Traditionally, a refugee is someone who is granted asylum in a foreign country because of life-threatening political or religious prosecution, in his or her home country. Since most countries have border controls and restrict who may enter, work and reside there, a person cannot simply move to the country of his or her choice, but must either be granted permission by the government or try to enter and live in the country, without adversely coming into contact with the law.

Articles Of Interest

  1.

    Standard Of Living Vs. Quality Of Life

    What is the difference between a standard of living and quality of life? Find out in this breakdown.

  2. Are We Losing The Middle Class?

    Find out where your income and lifestyle put you compared to the national average.

  3. Microfinance: What It Is And How To Get Involved

    This growing industry is full of opportunities for the socially conscious investor.

  4. High GDP Means Economic Prosperity, Or Does It?

    GDP is the typical indicator used to measure a country's economic health. Find out what it fails to reveal and how the Genuine Progress Indicator can help.

  5. Microfinance: Philanthropy Through Industry

    Is microfinance a way to help the poor, or will it just make them poorer?

  6. The Gini Index: Measuring Income Distribution

    A country with $100 billion in assets and four residents sounds good - unless three of them have $0.

  7. 10 Great Summer Jobs For Teens

    There are a lot of summer jobs out there, find out what's available, how much it costs and what skills you need.

  8. Playoff Perks For Pro Athletes

    If personal pride, a stellar resume and increased job security aren't enough incentive for some pro athletes, each league has reserved a bit of lunch money to up the ante and help tide athletes ...

  9. Austerity: When The Government Tightens Its Belt

    When a government tightens its belt in tough economic times the entire nation feels the squeeze.

  10. Approved: Paying Online Sales Tax

    States will now be allowed to collect sales taxes on purchases made from Internet-based retailers even if the retailer has no physical presence in that state.
comments powered by Disqus
Marketplace
Hot Definitions

  1. Disaster Loss

    A special type of tax-deductible loss, similar to a casualty loss, where a loss has been incurred by taxpayers who reside in an area that has been designated as a federal disaster area by the President.

  2. Fool In The Shower

    The notion that changes or policies designed to alter the course of the economy should be done slowly, rather than all at once.

  3. Pattern Day Trader

    An SEC designation for traders who trade the same security four or more times per day (buys and sells) over a five-day period, and for whom same-day trades make up at least 6% of their activity for that period.

  4. Cost-Push Inflation

    A phenomenon in which the general price levels rise (inflation) due to increases in the cost of wages and raw materials.

  5. Happiness Economics

    The formal academic study of the relationship between individual satisfaction and economic issues, such as employment and wealth.

  6. Affluenza

    A social condition arising from the desire to be more wealthy, successful or to "keep up with the Joneses." Affluenza is symptomatic of a culture that holds up financial success as one of the highest achievements.
Trading Center