World Bank: Migration Boosts Global Economic Growth

  • International
  • 27 April 2023
1

The World Bank expects that migration management and making it part of the work strategy of countries of origin and destination countries will help promote global economic growth and support the prosperity of citizens of all social groups.

According to the World Bank's World Development 2023: Migrants, Refugees, and Societies, the proportion of older people among the world's populations will increase the unprecedented pace of many countries' dependence on migration so that they can achieve long-term growth. The Bank, therefore, sees this trend as a unique opportunity to improve the role of migration in serving economies and people, as populations are declining in rich countries, as well as in a growing number of middle-income countries that have traditionally been among the main sources of migrants, intensifying global competition for employment and talent.

 

Source (Asharq Al-Awsat Newspaper, Edited)

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