vendredi 27 mars 2015
Here's One Way to Double the World's $80 Trillion Economy: Scrap Migration Restrictions
Posted on 01:22 by nice news
Global growth could use a little more juice these days. The answer could be easier than we think: We need to get moving.
While a freer flow of goods alone can boost global gross domestic product by a modest amount, loosening of restrictions to international migration could lift growth worldwide by 67 percent to 147.3 percent, according to economists' estimates cited in research by Mark Wynne, vice president of the Federal Reserve Bank of Dallas. (Global GDP will probably be $81.5 trillion this year, International Monetary Fund estimates show.)
International migration is the "last frontier of globalization" while also appearing to show the least progress in recent decades, writes Wynne. While voluntary world migration showed progress between 1990 and 2010, it's been a slow climb in the post-World War II era, and nowhere near as simple as the passport-less world of a century ago, he writes.Global growth could use a little more juice these days. The answer could be easier than we think: We need to get moving.
While a freer flow of goods alone can boost global gross domestic product by a modest amount, loosening of restrictions to international migration could lift growth worldwide by 67 percent to 147.3 percent, according to economists' estimates cited in research by Mark Wynne, vice president of the Federal Reserve Bank of Dallas. (Global GDP will probably be $81.5 trillion this year, International Monetary Fund estimates show.)
International migration is the "last frontier of globalization" while also appearing to show the least progress in recent decades, writes Wynne. While voluntary world migration showed progress between 1990 and 2010, it's been a slow climb in the post-World War II era, and nowhere near as simple as the passport-less world of a century ago, he writes.
While a freer flow of goods alone can boost global gross domestic product by a modest amount, loosening of restrictions to international migration could lift growth worldwide by 67 percent to 147.3 percent, according to economists' estimates cited in research by Mark Wynne, vice president of the Federal Reserve Bank of Dallas. (Global GDP will probably be $81.5 trillion this year, International Monetary Fund estimates show.)
International migration is the "last frontier of globalization" while also appearing to show the least progress in recent decades, writes Wynne. While voluntary world migration showed progress between 1990 and 2010, it's been a slow climb in the post-World War II era, and nowhere near as simple as the passport-less world of a century ago, he writes.Global growth could use a little more juice these days. The answer could be easier than we think: We need to get moving.
While a freer flow of goods alone can boost global gross domestic product by a modest amount, loosening of restrictions to international migration could lift growth worldwide by 67 percent to 147.3 percent, according to economists' estimates cited in research by Mark Wynne, vice president of the Federal Reserve Bank of Dallas. (Global GDP will probably be $81.5 trillion this year, International Monetary Fund estimates show.)
International migration is the "last frontier of globalization" while also appearing to show the least progress in recent decades, writes Wynne. While voluntary world migration showed progress between 1990 and 2010, it's been a slow climb in the post-World War II era, and nowhere near as simple as the passport-less world of a century ago, he writes.
Here's One Way to Double the World's $80 Trillion Economy: Scrap Migration Restrictions
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