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CGD Policy Blogs


Trillion-Dollar Bills on the Sidewalk: Why Don’t More Economists Study Emigration?

Economists who study globalization pay lots of attention to trade and capital flows. They have spent generations researching how much better off the world could be if there were fewer international obstacles to voluntary, mutually beneficial trade and investment. If there’s a twenty-dollar bill on the sidewalk—economists’ old catch-phrase meaning an opportunity for big gain at small cost—why not pick it up?

U.S. Disaster Assistance and Migration Policy: Michael Clemens

When a catastrophic earthquake struck Haiti last year the U.S. government and public moved quickly to aid the survivors. The response was swift and compassionate. But America did not do something simple and low-cost that could have helped the survivors of this horrible event. It did not crack open the door and admit a small number of them to the United States.