• UGI USER
  • Apr 27, 2023
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World Development Report 2023: Migrants, Refugees, And Societies

News: The World Bank has unveiled its “World Development Report 2023: Migrants, Refugees, and Societies.”

The International Bank for Reconstruction and Development (IBRD), also known as the World Bank, has been releasing the World Development Report (WDR) every year since 1978.

It offers a thorough examination of a particular area of economic development.

Features of the WDR 2023 include:

Over the following few decades, the proportion of working-age adults will significantly decrease in many (developed) countries.

With a population of 47 million, Spain is expected to experience a decline of more than one-third by the year 2100, with the proportion of those over 65 rising from 20 to 39%.

Most low-income nations are anticipated to see significant population growth, which will put pressure on them to increase the number of employment available to young people.

The “Match-Motive Framework,” a labour economics-based strategy that emphasises how well migrants’ skills and characteristics match the requirements of the destination nations, is introduced in the paper.

The framework also evaluates the factors that lead people to migrate in quest of opportunity and assesses the benefits that migration brings to migrants, origin countries, and destination countries.

The approach combines “match” and “motive” to identify the top policy concerns for the global community as well as countries of origin, transit, and destination.