Rich countries should prepare for levels of mass migration like those hitting Europe, but it could be the key to global economic growth, a report by the World Bank and International Monetary Fund says.
Inequality will continue to drive migrants toward developing states, the report explains, but these flows have the potential to reverse demographic imbalances, boost prosperity and ultimately end extreme poverty, according to Development Goals in an Era of Demographic Change, released in Peru at the start of the annual meetings of the World Bank and the IMF.…
"If countries with aging populations can create a path for refugees and migrants to participate in the economy, everyone benefits, Most of the evidence suggests that migrants will work hard and contribute more in taxes than they consume in social services," World Bank Group President Jim Yong Kim said in a press release. "With the right set of policies, this era of demographic change can be an engine of economic growth," he added.
Putting a good face on it.
CNBC
Get set for decades of migration: World Bank, IMF
Kalyeena Makortoff
10 comments:
Tom -
If this hasn't shown up on MNE yet...:
http://www.thenextsystem.org/monetarily-we-are-already-in-the-next-system-we-just-dont-act-like-it/
H/T Scott Ferguson on the Modern Money Planning Committee on Facebook.
That paper is yet more evidence in support of Bill Mitchell’s claim that the IMF should be closed down. If IMF staff can’t find anything better to do than trott out the old fallacy about young immigrants solving the demographic age problem, they should be sacked.
The problem with the latter idea is that immigrants are human beings (gasps of amazement) and like every human being, they themselves eventually grow old, which means yet more immigrants are needed. The net result (if immigration alone is used to deal with the alleged age problem) is a startling and exponential population increase – something like the population doubles every fifty years.
But well before fifty years have expired, less developed countries will find that 21st century medicine also gives those countries an “age” problem. (The Chinese are already concerned about that problem).
There is no "age problem", there is a brain problem at the policy-makers brains and those writing those papers.
We have outstanding youth unemployment in all developed nations, if we had real age problems that unemployment wouldn't exist.
You want to solve 'age problems'? Start putting young people to work. This ain't rocket science.
Looks like he is implying that people should just leave second rate/third rate nations and migrate to first rate nations...
@ MoveThroughtIt
Good one. Promoted. Jesse hits it out of the park.
Matt, I take the meaning of the article to be that migration is going to be a rising trend in this century owing to a variety of factors including climate change and the developed nations need to prepare for it. Immigration can be plus instead of closing borders, which is really not possible to do effectively anyway.
" Immigration can be plus instead of closing borders, which is really not possible to do effectively anyway."
You can still "close" borders and have democratically approved immigration. You are for democracy, no? Thus your contention that border enforcement isn't possible is simply false on its face. You'd be a Minuteman type in a Texas second if the border invaders were conservative Republicans and you know it.
The Pentagon considers mass migration a major threat in this century because historically mass migrations have led to disruption and war. Climate change is the reason.
Tom if we want no borders then how can we complain if US NGOs attempt to influence domestic affairs in other nations? No borders means no borders....
If we held national borders as sacrosanct, then we could logically complain if one nation tried to influence outcomes in another nation... if we dont look at borders that way, then logically how can we complain?
iow if we are complaining about US foreign affairs influencing things in other nations, on what basis can we make this complaint if we dont recognize borders of nations?
Matt, the choice is to shoot people. It's likely going to come down to that. In the days of the USSR, they shot people trying to get out. Soon in Europe they'll be shooting people trying to get in.
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