Migration has been the focus of heated political debate in recent years, surfacing misconceptions of its real economic impact. But a new study in The World Economic Outlook shows migration improves economic growth and productivity in host countries. In this podcast, IMF economist and co-author of the study, Margaux MacDonald, says supporting migrants now and ensuring migration trends continue beyond the pandemic will help the global economy recover. TRANSCRIPT
Look for the BLOG at Blogs.IMF.org
Margaux MacDonald is an economist in the IMF's Research Department.
The pandemic is crippling economies across the globe but for many countries, the economic shock will be magnified by the loss of remittances—money sent home by migrant and guest workers employed in foreign countries. Ralph Chami is an Assistant Director for the Institute for Capacity Development at the IMF. In this podcast, he says remittances are a lifeline for low-income and fragile states and when migrants lose their jobs those remittance flows stop. Chami says it's in everyone's interest for host countries to help support migrant workers through the pandemic.
The notion of citizenship is relatively recent in our history. It was only in the 19th century with the birth of the nation-state that came the need to establish a legal distinction between those who belonged to the state and those who didn’t. But being a national or a foreigner influences one’s financial decisions, which can have a significant impact on a country’s economic development. In this podcast, IMF economist Patrick Amir Imam says while some citizenship laws help boost growth others can create conflict and instability. Imam is the representative of the IMF in Zimbabwe, and co-author of Citizenship and Growth, published in the March 2019 edition of Finance and Development Magazine.
More than 1 million migrants and refugees made their way to Europe last year, 350K from Syria alone. A recent IMF study says people fleeing conflict areas in the Middle-East and North Africa has brought about the biggest refugee crisis since World War 2. In this podcast, the UN’s Kyung-Wha Kang says the 1951 UN convention for refugees is no longer enough.
Kyung-Wha Kang, Assistant Secretary-General for Humanitarian Affairs and Deputy Emergency Relief Coordinator at the United Nations.
Europe is struggling to cope with millions of asylum seekers from conflict zones in the Middle East. In this podcast, Ian Bremmer, president of the global political risk research firm Eurasia Group, says the biggest challenges behind the refugee crisis are more political than economic. Bremmer participated in a seminar entitled Conflicts and the Refugee Crisis: An International Call for Action at the IMF-World Bank Spring Meetings in April.
Ian Bremmer, President and Founder of Eurasia Group, a global political risk research and consulting firm.
Of the 5 million people fleeing civil war in Syria, more than a million have ended up in Jordan. The refugee crisis has hit host countries like Jordan hard. Imad Fakhoury, Jordan’s minister of planning, joined a seminar about Conflicts and the Refugee Crisis, at the IMF-World Bank Spring Meetings. In this podcast, Fakhoury talks about the impacts of the refugee crisis on Jordan.
Imad Fakhoury, Jordan’s Minister of Planning and International Cooperation
More than a million migrants have entered Europe this year according to the International Organization for Migration. In this podcast, we speak with Professor Barry Chiswick who says language acquisition is key to immigrant success. Chiswick says language skills among immigrants are a form of human capital, and can substantially increase potential earnings.
Barry Chiswick, Professor of Economics and International Affairs at George Washington University