Saving on foreign exchange that would have been used to pay expartriates/
imported labour.
Production of high quality goods/services as the workers are experts in their
respective areas.
Increased output of goods/services as the workers are competent due to
exploitation of resources.
Reduction in cost of production since the labour tends to be efficient/less
wasteful.
Increase in purchasing power/demand due to higher incomes/salaries earned.
Reduction in dependency ratio since the employment rate is higher.
Enhances creativity/innovation/research leading to new/improved/variety of
goods/services.
Promotes specialization/division of labour leading to faster production.
Easen/simpilify setting of wage/employment policy due to abundance/
availability of skilled labour/may reduce labour stife/unrest.
Increased government revenue due to income taxes levied.
Increased foreigh exchange due to export of skilled labour.
Enhances entrepreneural culture since skilled labour is more willing to
undertake risks
gideon1 answered the question on September 23, 2017 at 17:50
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