According to a finding by several members of Italian Catholic aid groups, the number of immigrant entrepreneurs is rapidly growing in Italy and making a significant contribution to the country’s growth and international development. Data from a dossier by Caritas-Migrantes cites that the number of immigrants who own a company is currently set at 165,000,…
As the financial crisis in the United States worsens, the conservative principals of a small group of devout Muslims have helped to insulate them from economic suffering. Their renunciation of the interest-based economy kept them away from traditional mortgages and away from making investments in financial service companies, whose stocks have plummeted. Islamic finance, a…
According to preliminary studies released by the Spanish central bank, immigrants sent 148 million Euros less to their home countries, than during the same period in 2007; figures dropped 7% between 2007 and 2008. Industries that have attracted immigrants, such as construction, agriculture, and real estate industries have been hammered by decline in economic activity…
As economic crisis spreads in much of the world, tensions between immigrants and Spaniards are rising as unemployment rises. The deterioration of the Spanish economy has resulted in increasing unemployment for immigrants who are often hired to do seasonal work in the country. The decrease in job availability is resulting in rising competition between immigrants…
The German economy is considered the strongest in the Eurozone [15-country bloc that uses the Euro currency] and the level of German exports surpassed China for the fifth year running in 2007, achieving a record export of €969 billion. Its imports amounted to €770 billion, giving Germany a trade surplus of €198 billion. According to…
