Migration, Globalisation and the Spirit of Peter Bauer
Author(s)
Griswold, Daniel T.
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.
