The arrival of migrants in OECD regions is not new. In 2019 alone, 5.3 million new permanent migrants settled in OECD countries, many moving from one OECD country to another. These included foreign doctors, nurses and scientists.
Dr. Khanna urges decision-makers to step up their efforts to attract young talent and to build the conditions for migrants to thrive. This includes local investments in sustainable infrastructure, renewables and the circular economy – all to allow for a radical reshuffle of the world’s population in the face of climate change and digitalisation, among other things.
Russia’s war in Ukraine is a humanitarian catastrophe. It is also sending shockwaves through the global economy. The tourism sector, which directly accounts for nearly 7% of jobs in the OECD is likely to be among the hardest hit – again. How can policy makers address this new crisis?
1 in 10 people across OECD countries are migrants. They bring fiscal benefits to their host countries. Latest OECD estimates across 25 countries show that migrants contributed USD 2.5 trillion in taxes annually, USD 570 billion more than governments spent on them.