MIGRATION IN THE GLOBAL ECONOMY
GÖRAN HULTIN
CHAIRMAN AND CHIEF EXECUTIVE OFFICE OF CADEN CORPORATION Migration in the global economy – a case for business engagement The global economy and migration are closely linked. The troubling developments over the past few years and the difficulty that the global economy is having in turning things around will continue to impact on migration, in many ways. The research and policy dialogue has advanced our insight into the issue, but a business angle on migration has generally remained weak. In many parts of the world the financial crisis has had dramatically harmful effects on the confidence that people have in the future of their livelihoods. While emerging countries have managed the crisis relatively well, people in most industrialised economies saw their prospects of employment and a steady income disappear. Policymakers in general recognise the need for migration as one of the responses to an ageing and declining workforce and persistent skill shortages. The impact of the economic crisis is, however taking Europe in the other direction. The lack of job creation and increasing unemployment are putting Europe’s political leaders under pressure to raise barriers of entry.