Comment: Here is a good question: Why do we restrict immigration? Who does the present system benefit? These are some of the questions that Michael A Clemens looks at in the guardian.co.uk story below.
He writes: “Large numbers of people wish to move permanently to another country – more than 40% of adults in the poorest quarter of nations. But most of them are either ineligible for any form of legal movement or face waiting lists of a decade or more. Those giant walls are a human creation, but cause more than just human harm: they hobble the global economy, costing the world roughly half its potential economic product.”
And continues: “Many people fear that even a minor increase in international migration will wreck their own economies and societies. Those fears deserve a hearing. They are old fears, of the kind that filled US newspapers a century ago. The US population subsequently quadrupled, largely through immigration to already-settled areas. Today, even in crisis, America is the richest country in the world. History, too, deserves a hearing.”
Do you agree?
By Michael A Clemens
What is the biggest single drag on the beleaguered global economy? Opponents of globalisation might point to the current crisis, which shrank the world economy by about 5%. Proponents of globalisation might point to the remaining barriers to international flows of goods and capital, which also serve to shrink the world economy by approximately 5%. That sounds like a lot.