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Conference Paper
Migration, trade, capital, and development: substitutes, complements, and policies
The economic migration of people has lagged substantially behind that of capital and trade. That's largely because barriers to the movement of people remain high. Pressures for enhanced migration are rising, certainly in the less-developed origin (O) countries but also in some quarters of the more developed destination (D)countries. Migration presents the largest opportunity for additional global welfare gains. ; We will focus on migration and its interactions with the other elements of globalization as they impact development. In this context, we will find it useful to distinguish between ...