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CGD in the News
December 18, 2014
Researchers have examined the size of economic losses caused by current restrictions on international migration, and the findings are frankly remarkable. As development economist and world-leading migration expert, Michael Clemens, puts it, “The few estimates we have should make economists&rsq...
CGD in the News
October 24, 2014
Well, their best bet is immigration, legal or otherwise. Not to belabor the obvious here, but where you live determines how much you can make. The same person with the same education and the same skills can make seven times more working in the United States than in Haiti, according to economists Mic...
CGD in the News
August 01, 2014
Remittances are set to exceed the half-trillion-dollar mark in the near future, according to a projection from the World Bank. The increase has been dramatic; in 1990 such flows amounted to $49 billion (in 2011 dollar terms). Why has such a rapid growth in remittances not led to any discernible grow...
CGD in the News
July 08, 2014
The study documenting that discrepancy came about when development economists couldn’t find any evidence that the massive surge of money from migrants was helping economic growth in their home countries. The “extremely clear implication,” one of the authors, Michael Clemens, tells ...
CGD in the News
March 27, 2014
“The unmistakable pattern is that, for countries below something like $6,000–8,000 GDP per capita (at US prices), countries that get richer have moreemigration,” [Michael Clemens] writes. “The threshold arrives at roughly the income per capita of Albania, Algeria, or El Salva...