International Migration and the Global Economic Order : An Interview
Global capitalism, vintage early 21st century, favors the movement of goods and capital across national borders more than it does the movement of people. It was not always this way. The first wave of globalization, in the second half of the 19th ce...
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| Format: | Policy Research Working Paper |
| Language: | English en_US |
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World Bank, Washington, DC
2014
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| Online Access: | http://documents.worldbank.org/curated/en/2001/11/1643367/international-migration-global-economic-order-interview http://hdl.handle.net/10986/19423 |
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okr-10986-19423 |
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oai_dc |
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Digital Repository |
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Foreign Institution |
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Digital Repositories |
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World Bank Open Knowledge Repository |
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World Bank |
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English en_US |
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AGGREGATE DEMAND AIR ALIENS ASYLUM SEEKERS AUTONOMY BARRIERS TO ENTRY BORDERS BRAIN DRAIN CAPITAL FLOWS CAPITAL MOBILITY CLIMATE CONSTANT RETURNS TO SCALE DISCRIMINATION DISPLACEMENT ECONOMIC CONDITIONS ECONOMIC DEVELOPMENT ECONOMIC GROWTH ECONOMIC OPPORTUNITIES EMIGRATION EMPIRICAL ANALYSIS EMPIRICAL EVIDENCE EQUALIZATION FAMILIES HIGH UNEMPLOYMENT HOUSING ILLEGAL IMMIGRATION IMMIGRANTS IMMIGRATION IMMIGRATION LAWS IMMIGRATION POLICIES INCOME INCOME DISTRIBUTION INCOME LEVELS INNOVATION INTERNATIONAL MIGRATION IRREVERSIBILITY LABOR COSTS LABOR FORCE LABOR MARKETS LABOR PRODUCTIVITY LABOR UNIONS LAND ACQUISITION LAWS LEGISLATION MACROECONOMICS MIGRANTS MIGRATION MIGRATION POLICIES MIGRATION RATES MOBILITY NATIONAL INCOME NATURALIZATION PRODUCTIVITY PROFITABILITY PROPENSITY TO SAVE QUOTAS REAL WAGES REFUGEES SAVINGS TECHNOLOGICAL CHANGE TRANSPORT UNEMPLOYMENT UNEMPLOYMENT RATES VISAS WAGE DIFFERENTIALS WAGES WORKERS MIGRATION POLICY UNSKILLED WORKERS ALLOCATION OF RESOURCES LABOR SHORTAGES HUMAN CAPITAL DEVELOPMENT MIGRATION POLICY FREEDOM OF THE SEAS FREEDOM EMIGRATION LABOR COSTS REMITTANCES LABOR PRODUCTIVITY MIGRATION POLICY WORKERS |
| spellingShingle |
AGGREGATE DEMAND AIR ALIENS ASYLUM SEEKERS AUTONOMY BARRIERS TO ENTRY BORDERS BRAIN DRAIN CAPITAL FLOWS CAPITAL MOBILITY CLIMATE CONSTANT RETURNS TO SCALE DISCRIMINATION DISPLACEMENT ECONOMIC CONDITIONS ECONOMIC DEVELOPMENT ECONOMIC GROWTH ECONOMIC OPPORTUNITIES EMIGRATION EMPIRICAL ANALYSIS EMPIRICAL EVIDENCE EQUALIZATION FAMILIES HIGH UNEMPLOYMENT HOUSING ILLEGAL IMMIGRATION IMMIGRANTS IMMIGRATION IMMIGRATION LAWS IMMIGRATION POLICIES INCOME INCOME DISTRIBUTION INCOME LEVELS INNOVATION INTERNATIONAL MIGRATION IRREVERSIBILITY LABOR COSTS LABOR FORCE LABOR MARKETS LABOR PRODUCTIVITY LABOR UNIONS LAND ACQUISITION LAWS LEGISLATION MACROECONOMICS MIGRANTS MIGRATION MIGRATION POLICIES MIGRATION RATES MOBILITY NATIONAL INCOME NATURALIZATION PRODUCTIVITY PROFITABILITY PROPENSITY TO SAVE QUOTAS REAL WAGES REFUGEES SAVINGS TECHNOLOGICAL CHANGE TRANSPORT UNEMPLOYMENT UNEMPLOYMENT RATES VISAS WAGE DIFFERENTIALS WAGES WORKERS MIGRATION POLICY UNSKILLED WORKERS ALLOCATION OF RESOURCES LABOR SHORTAGES HUMAN CAPITAL DEVELOPMENT MIGRATION POLICY FREEDOM OF THE SEAS FREEDOM EMIGRATION LABOR COSTS REMITTANCES LABOR PRODUCTIVITY MIGRATION POLICY WORKERS Solimano, Andres International Migration and the Global Economic Order : An Interview |
| relation |
Policy Research Working Paper;No. 2720 |
| description |
Global capitalism, vintage early 21st
century, favors the movement of goods and capital across
national borders more than it does the movement of people.
It was not always this way. The first wave of globalization,
in the second half of the 19th century and the early 20th,
came with massive international migration. Around 60 million
people migrated from Europe to the countries of the New
World (Argentina, Australia, Brazil, Canada, and the United
States) over a period of 40 years or so. In a sense, current
globalization has a smaller degree of "cosmopolitan
liberalism" in the dimension of international
migration. While there is consensus on the benefits of an
open trade regime and relatively liberal capital movements,
that consensus rarely extends to the free movement of
people. Solimano examines this difference in the
"freedom to become global" by looking at both
standard trade theory, basically the Mundell theorem of
trade and migration as substitutes, and the ensuing
analytical developments and empirical evidence around the
Mundell result. He then looks at this asymmetry in
today's global economic order from the perspective of
freedom, individual rights, and transnational citizenship,
as well as the potential of international migration to
reduce global inequality. Preventing factor (labor or human
capital) movements from lower- to higher-productivity
activities (countries) may entail a global welfare loss in
terms of forgone world output (although the distributive
consequences for sending and receiving countries vary).
International migration tends to reduce income disparities
across countries. But it can increase inequality within
labor-scarce receiving countries by moderating the growth of
wages, because of the associated increase in the supply of
labor. In contrast, in sending countries emigration can have
an equalizing effect by reducing the supply of labor and
raising wages. Still, international migration is bound to
have a positive effect on long-run growth in receiving
countries by keeping labor costs down, increasing the
profitability of investment, and raising national savings.
For sending countries, the impact on growth depends on the
pool of labor and human resources that emigrate. In
labor-abundant developing countries with chronic
unemployment (or labor surplus), the growth-depressing
effects of emigration can be small (compensated in part by
labor remittances). Nevertheless, the emigration of highly
educated people, professionals, and national investors can
have a detrimental effect on long-run income levels and
growth rates for sending countries. From a global
perspective, however, world output would be expected to
increase if people could freely move across the planet from
areas of low labor productivity to areas of high labor
productivity. From the viewpoint of global economic
freedoms, the result would be equally positive. |
| format |
Publications & Research :: Policy Research Working Paper |
| author |
Solimano, Andres |
| author_facet |
Solimano, Andres |
| author_sort |
Solimano, Andres |
| title |
International Migration and the Global Economic Order : An Interview |
| title_short |
International Migration and the Global Economic Order : An Interview |
| title_full |
International Migration and the Global Economic Order : An Interview |
| title_fullStr |
International Migration and the Global Economic Order : An Interview |
| title_full_unstemmed |
International Migration and the Global Economic Order : An Interview |
| title_sort |
international migration and the global economic order : an interview |
| publisher |
World Bank, Washington, DC |
| publishDate |
2014 |
| url |
http://documents.worldbank.org/curated/en/2001/11/1643367/international-migration-global-economic-order-interview http://hdl.handle.net/10986/19423 |
| _version_ |
1764439826949472256 |
| spelling |
okr-10986-194232021-04-23T14:03:43Z International Migration and the Global Economic Order : An Interview Solimano, Andres AGGREGATE DEMAND AIR ALIENS ASYLUM SEEKERS AUTONOMY BARRIERS TO ENTRY BORDERS BRAIN DRAIN CAPITAL FLOWS CAPITAL MOBILITY CLIMATE CONSTANT RETURNS TO SCALE DISCRIMINATION DISPLACEMENT ECONOMIC CONDITIONS ECONOMIC DEVELOPMENT ECONOMIC GROWTH ECONOMIC OPPORTUNITIES EMIGRATION EMPIRICAL ANALYSIS EMPIRICAL EVIDENCE EQUALIZATION FAMILIES HIGH UNEMPLOYMENT HOUSING ILLEGAL IMMIGRATION IMMIGRANTS IMMIGRATION IMMIGRATION LAWS IMMIGRATION POLICIES INCOME INCOME DISTRIBUTION INCOME LEVELS INNOVATION INTERNATIONAL MIGRATION IRREVERSIBILITY LABOR COSTS LABOR FORCE LABOR MARKETS LABOR PRODUCTIVITY LABOR UNIONS LAND ACQUISITION LAWS LEGISLATION MACROECONOMICS MIGRANTS MIGRATION MIGRATION POLICIES MIGRATION RATES MOBILITY NATIONAL INCOME NATURALIZATION PRODUCTIVITY PROFITABILITY PROPENSITY TO SAVE QUOTAS REAL WAGES REFUGEES SAVINGS TECHNOLOGICAL CHANGE TRANSPORT UNEMPLOYMENT UNEMPLOYMENT RATES VISAS WAGE DIFFERENTIALS WAGES WORKERS MIGRATION POLICY UNSKILLED WORKERS ALLOCATION OF RESOURCES LABOR SHORTAGES HUMAN CAPITAL DEVELOPMENT MIGRATION POLICY FREEDOM OF THE SEAS FREEDOM EMIGRATION LABOR COSTS REMITTANCES LABOR PRODUCTIVITY MIGRATION POLICY WORKERS Global capitalism, vintage early 21st century, favors the movement of goods and capital across national borders more than it does the movement of people. It was not always this way. The first wave of globalization, in the second half of the 19th century and the early 20th, came with massive international migration. Around 60 million people migrated from Europe to the countries of the New World (Argentina, Australia, Brazil, Canada, and the United States) over a period of 40 years or so. In a sense, current globalization has a smaller degree of "cosmopolitan liberalism" in the dimension of international migration. While there is consensus on the benefits of an open trade regime and relatively liberal capital movements, that consensus rarely extends to the free movement of people. Solimano examines this difference in the "freedom to become global" by looking at both standard trade theory, basically the Mundell theorem of trade and migration as substitutes, and the ensuing analytical developments and empirical evidence around the Mundell result. He then looks at this asymmetry in today's global economic order from the perspective of freedom, individual rights, and transnational citizenship, as well as the potential of international migration to reduce global inequality. Preventing factor (labor or human capital) movements from lower- to higher-productivity activities (countries) may entail a global welfare loss in terms of forgone world output (although the distributive consequences for sending and receiving countries vary). International migration tends to reduce income disparities across countries. But it can increase inequality within labor-scarce receiving countries by moderating the growth of wages, because of the associated increase in the supply of labor. In contrast, in sending countries emigration can have an equalizing effect by reducing the supply of labor and raising wages. Still, international migration is bound to have a positive effect on long-run growth in receiving countries by keeping labor costs down, increasing the profitability of investment, and raising national savings. For sending countries, the impact on growth depends on the pool of labor and human resources that emigrate. In labor-abundant developing countries with chronic unemployment (or labor surplus), the growth-depressing effects of emigration can be small (compensated in part by labor remittances). Nevertheless, the emigration of highly educated people, professionals, and national investors can have a detrimental effect on long-run income levels and growth rates for sending countries. From a global perspective, however, world output would be expected to increase if people could freely move across the planet from areas of low labor productivity to areas of high labor productivity. From the viewpoint of global economic freedoms, the result would be equally positive. 2014-08-19T16:53:28Z 2014-08-19T16:53:28Z 2001-11 http://documents.worldbank.org/curated/en/2001/11/1643367/international-migration-global-economic-order-interview http://hdl.handle.net/10986/19423 English en_US Policy Research Working Paper;No. 2720 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank, Washington, DC Publications & Research :: Policy Research Working Paper Publications & Research |