Movement of people from poor to wealthy countries could drive economic growth and boost battle against global poverty,claims World Bank chief Jim Yong KimThe large-scale migration of people from poor countries to richer ones will “reshape economic development for decades” but could succor end extreme poverty and increase global prosperity if the flow is properly harnessed and regulated, according to the World Bank.
The global monitoring report 2015/16, and published at the start of the bank’s annual assembly with the International Monetary Fund (IMF),notes that the world is undergoing a major demographic shift as population growth slows in developed countries but continues to rise in some less developed ones.
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Source: theguardian.com