Activity 1: The human power of capital mobility through migration and remittances In this activity, the objective focuses on directly elaborating on the importance of migration at the global level, the effects of remittances in the migrant's country of origin, and how some economic indicators can affect, in one way or another, the economic structure of a country. In this context, it is vital that when studying and developing this topic, students understand the concepts of capital mobility, the balance of payments, remittances, emerging countries, macroeconomic policy, and controversies or debates that have arisen due to the increase or decrease in migration and remittances. With the analysis of this essay, students will acquire competencies on the topics discussed in the first three chapters. Thus, the objectives that are intended to be achieved with this activity are the following: • Acquire knowledge on the following terms: economic indicators, external migration, remittances, and capital mobility in developed and developing countries. • Determine relationships about migration, the cost of these transactions, remittances, and what is the importance that the country of origin of the migrant lends to it. • Identify how the mobility of capital with remittances can improve the quality of life of migrant families in their countries of origin. • Explore the impact of the flow of money from the United States to the migrant's country of origin. Identify how monetary policy relates to the financial activity of remittances and gross domestic product (GDP). • Understand who benefits from remittance transactions. • Through this activity, you will be able to know the relationships between these variables and what is the fundamental function concerning the economic situation in the United States and the country of the migrant. ity University Miami First, it is essential to know the definitions of the concepts in these topics thoroughly. The following step would be to understand the problems faced by migrant workers and the effects of being able to move money from the United States to their country of origin. I suggest you familiarize yourself with the history of migrant exchange to the United States. Use what you have learned in these first three topics and extend your knowledge by answering the following questions. One area within the balance of payments that has received much interest in the last decade is remittances; why? Under what conditions, and for example, for a country outside the United States, do remittances contribute significantly to the economy and the balance of payments as a whole, and at what cost? The balance of payments of a country impacts and, at the same time, is impacted by a series of macroeconomic rates. Please, elaborate on how the interest rate plays a role in the balance of payments of a country. Clear and argued answers will be valued. The information must be based on factual information and include a variety of sources of information, and its originality will be evaluated. The date the articles must be published is five years or less. APA format and citation are required.