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European Union members are collectively the largest aid donor in the world and give over half of global aid, and the EU’s policies have a major bearing on global development—from migration, to trade, agriculture and security. CGD is bringing its innovative thinking and evidence-based, practical propositions to the unique European context.
The European Union and the UK will be short tens of millions of workers by 2050 due to an aging population and insufficient levels of migration, according to a new study from the Center for Global Development.
There will be 95 million fewer working-age people in Europe in 2050 than in 2015, under business as usual. The paper compares business as usual estimates of inflows to 2050 with the size of the labor gap in Europe. Under plausible estimates, business as usual will fill one-third of the labor gap. This suggests a need for an urgent shift if Europe is to avoid an aging crisis. Africa is the obvious source of immigrants, to mutual benefit.