World Development Report 2023: Migrants, Refugees and Societies

Submitted by on Thu, 08/31/2023 - 18:40

This report highlights migration, the movement of people from one usual place of residence to another as an essential matter. The world has about 184 million migrants and 43 percent live in low and middle-income countries. Migration issues are sweeping across and turning crucial as a result of the harsh differences between and within countries regarding real wages, labor market opportunities, demographic patterns, and climate costs.

With the world attempting to survive wide-ranging economic disparities, diverging demographic trends, and climate change, migration will become necessary for countries at all income levels in the decades to come. Migration can be an important element and can aid in accomplishing the United Nations’ Sustainable Development Goals given that it is handled competently. Additionally, migration is a response to shocks and global imbalances, such as the massive gaps in income and well-being across countries. Economic migration is driven by prospects of higher wages and access to better services.

The report discusses the following main messages;

  1. Focus on people who live outside their country of nationality.
  2. Recognize the complexity and the increasing necessity of cross-border movements.
  3. Distinguish between various types of movements to identify appropriate policy responses. 
  4. Manage migration strategically— in both origin and destination countries.
  5. Manage cross-border movements differently.

Read more: https://www.worldbank.org/en/publication/wdr2023