MIGRATION, GLOBALISATION AND THE SPIRIT OF PETER BAUER

Daniel T. Griswold

Economic Affairs, 2003, vol. 23, issue 4, 20-26

Abstract: Lord Bauer understood that the human freedom of movement plays a vital role in development. Today, internal and cross‐border migration generates hard‐currency remittances that raise living standards and capital investment in the country of origin, promotes greater trade and investment ties between destination and origin countries, and raises a country's stock of human and physical capital when migrants return with new skills and investment funds. Immigration can also stimulate political and social reform when migrants return or foreign‐born immigrants arrive with new ideas and experiences. Relaxing the pervasive controls on the international movement of people remains a huge piece of unfinished business on the market‐driven development agenda.

Date: 2003
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