Rapid aging of both wealthy and middle-income countries will make their economies increasingly dependent on migration from poorer countries, and the process needs to be better managed, the World Bank said on Tuesday. | Reuters
“Migration can be a powerful force for prosperity and development,” World Bank Senior Managing Director Axel van Trotsenburg said in a statement. “When managed properly, it provides benefits for all people – in origin and destination societies.”
Gains are larger for both destination countries and migrants when their skills match well with demands in destination countries. When the skills match is weak, the costs of hosting refugees should be shared multilaterally, it said.
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