On Economic Market Cycles and Immigration

Abstract

In my previous paper “On Economic Market Cycles and Dominating Market Behaviour”, I’ve introduced the chronological phases of a Big Economic Market Cycle. In order to remind the readers briefly, the economic market develops as a series of small and big swings. The market debt is the source of market swings. The accumulation of debt and its period of back payment cause market swings or, in other words, market cycles. During a market cycle the economy first goes up and, then, experiences a downturn. The economic rise during a market cycle is linked to money borrowing and economic growth, while the downturn in a market cycle results from the accumulated debt which has to be paid back.

A Big Economic Cycle lasts for about 75-100 years. The downturn in a Big Market Curve associates with an economic depression which might last for a decade.

Further, I suggested that 75-100 years it’s the time span of 3 mature generations of people in the society. Let’s say, a person stays economically active 30-35 years.

In the article “On Economic Market Cycles and Dominating Market Behaviour”, I suggest that that 75-100 years of a Big Economic Market Cycle represents three generations of society, that is, the generation of developers, the generation of benefiters and the generation of decline.

The immigration might do from very good to very bad for the recipient society, its economic and social well-being. The influence of individual economic behaviour of immigrants on the group economic behaviour of the recipient society in the long term is decisive in the end of the day.