MIGRATION, GLOBALISATION AND THE SPIRIT OF PETER BAUER |
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| Authors: | Daniel T Griswold |
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| Institution: | Daniel T. Griswold is Associate Director of the Center for Trade Policy Studies at the Cato Institute in Washington and author of the recent Cato study, 'Willing Workers: Fixing the Problem of Illegal Mexican Migration to the USA.' He has authored numerous studies on international trade and globalisation. |
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| 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. |
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