On May 18-19, the G20 Ministers of Labor met in Bad Neuenahr, Germany to discuss and adopt their annual Labor and Employment Ministerial Meeting (LEMM) Declaration advocating for "an integrated set of policies that places people and jobs at center stage." In this, the meeting did not shy away from some of the more thorny issues to reach the overarching goal of fostering "inclusive growth and a global economy that works for everyone." It focused on the much-feared future-of-work, the longstanding challenge of more and better employment for women, better integration of recognized migrants and refugees in domestic labor markets, and ensuring decent work in the international supply chains.
The potential for mobilizing diaspora savings for financing education, healthcare and infrastructure in countries of origin is massive. Some 170 million international migrants from developing countries send over $400 billion in remittances to their countries of origin. At the same time, migrants also save a part of their incomes in the country of origin, mostly as bank deposits. Migrant savings can be mobilized, through diaspora bonds or non-resident deposits, for financing development efforts in countries of origin.
We make some back-of-the-envelope calculations of diaspora savings using data on migrant stocks, skill composition, and assumptions about migrant earnings. We assume that the high-skilled migrants earn the same as the native workers in destination countries, but that the low-skilled migrants earn less – one-third in the OECD countries, one-fifth in the GCC countries, and one-half in other destination countries.
In order to highlight the contributions of migrants, we will keep a running tally of goals scored by migrants and non-migrants in the chart below. The more detailed file is available here. Check back and see how they are doing as this exciting World Cup reaches its climax!
The World Cup Football finals get underway in Brazil today – the long wait is over! They mean many different things to the billions around the world who will come together to watch, evoking intense emotions of national pride and glory, or humiliation and outrage. Goals and calls by referees are recalled decades later, hotly debated in a passion for the ‘beautiful game.’ One key aspect of this ultimate expression of globalization is that most of the players are migrants, either playing for their national teams while currently residing in another country (such as Lionel Messi, born in Argentina, living in Spain, and playing for Argentina), or playing for a national team different from their country of birth (such as Diego Costa, born in Brazil, living in Spain, and playing for Spain), or both (such as Miroslav Klose, born in Poland, living in Italy, and playing for Germany).
We all know urbanization is important: Nearly 80% of gross domestic product is generated in cities around the world. Countries must get urbanization right if they want to reach middle- or high-income status.
But urbanization is challenging, especially because badly planned cities can hamper economic transformation and cities can become breeding grounds for poverty, slums and squalor and drivers of pollution, environmental degradation and greenhouse gas emissions.
That’s why it’s important for us to build cities that are livable, with people-centered approaches to urbanization and development. That will allow innovation and new ideas to emerge and enable economic growth, job creation and higher productivity, while also saving energy and managing natural resources, emissions and disaster risks. When the process is driven by people, it can lead to important results, the same way London and Los Angeles addressed their air pollution problems.
In 2030, more than 300 million Chinese are expected to have moved into cities. By then, 70 percent will live in urban settings. Given China’s size, it will mean that one in six urban dwellers worldwide will be Chinese. The challenges coming with that demographic shift are already visible and well known, in China and beyond.
Urbanization is a global trend. So when we think about new approaches to urbanization here in China, we believe that they are of value for other countries facing similar issues. In other words, China’s success in urbanization could pave the way for global rethinking on how cities can be built to be healthy, efficient, and successful.
These are some of the views and reports relevant to our readers that caught our attention this week.
Behind a Pattern of Global Unrest, a Middle Class in Revolt
For months now, protestors have gathered in the capitals of many developing nations—Turkey, Ukraine, Thailand, Venezuela, Malaysia, and Cambodia, among others—in demonstrations united by some key features. In nearly all these places, protestors are pushing to oust presidents or prime ministers they claim are venal, authoritarian, and unresponsive to popular opinion. Nearly all these governments, no matter how corrupt, brutal, and autocratic, actually won election in relatively free polls. And in nearly all these countries the vast majority of demonstrators hail from cosmopolitan areas: Kiev, Bangkok, Caracas, Istanbul, and other cities. The streets seem to be filled with the very people one might expect to support democracy rather than put more nails in its coffin.
Where Did Press Freedom Suffer Most in 2013? Online.
PBS Media Shift
This month the Committee to Protect Journalists released its annual analysis of Attacks on the Press, including a “Risk List” of the places where press freedom suffered most in 2013. As you might expect, conflict areas filled much of the list — Syria, Egypt, Turkey — but the place on the top of the list was not a country. It was cyberspace. In the past, the list has focused on highlighting nations where freedom of the press are under attack, but this year CPJ wrote, “We chose to add the supranational platform of cyberspace to the list because of the profound erosion of freedom on the Internet a critical sphere for journalists worldwide.” Including cyberspace is a recognition that, at least in terms of press freedom and freedom of expression, the web is not virtual reality, it is reality.
Migrant workers, earning money in jobs far from home, sent more than $400 billion to their families back home in 2012. Such remittances remain a vital source of income for millions of people in developing countries: Food, housing, education, health care and more are paid for every day by workers who earn money abroad. Through a simple and repetitive transaction – sending money home – those workers are really sending heart-warming feelings like hope for a better future and love of family.
Should you ever need a haircut in South London, you would have the option to choose from a wide array of African hair stylists. There you can get your hair colored, cut, or braided, while chatting up the latest gossip in town, and... you can send money back to Nigeria.
Many stores in South London allow you to send money abroad. It looks just like a fruit market, where the sellers have to compete among each other. Aside from trying to lure customers in with the best looking apples and pears, they also keep their prices exposed.
But the world is not... ("...enough" you are thinking, if you are a James Bond fan) ...the world is not South London and remittance services are not crispy apples nor they are juicy pears. The price for sending money might include a fee, taxes, a margin on the exchange rate applied, and a commission to the receiver. And each service is different in terms of speed and extensiveness of the network where money can be picked up by the receiver. In other words, it is not as easy to compare as the price of apples.