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date: 19 January 2020

Summary and Keywords

The international mobility of people and migration flows are critically influenced by differences in per capita incomes, real wages, job opportunities, institutional capacities and living standards across nations and cities. Its dynamics are shaped by social networks and regulated by the migration policies of receiving countries. International migration represents around 3.3% of world’s population; up from 2.7% in 1995. It is composed mainly of working-age people, with men and women migrants being in roughly equal numbers. Historically, the globalization process of the late 19th and early 20th centuries was also accompanied by large migration flows, mostly, from the “Old World” (Europe) to the “New World” (United States, Canada, Argentina, Australia, and other countries in the Global South). Starting in the 1980s migration has increased relative to a rise in total population, although the share of international migration to total population was, on average, higher in the first wave of globalization of the 1870–1914 period.

Main substantive topics and new themes in the field of international migration include: (a) the motivations and determinants of the international mobility of the wealthy (High-Net Worth Individuals, HNWIs), a largely unexplored topic in the literature of international migration; (b) the international migration of talent (high-skills, educated, and gifted people), (c) the linkages between the mobility of talent and the mobility of capital and their evolution over time affected by macro regimes and international conditions, (d) The relation between macroeconomic and financial crises (e.g., the 2008–2009 crisis), stagnation traps and immigration flows, (e) the influence of international migration on inequality within and between countries, and (f) forced migration, displaced population and humanitarian crises, following war, violence, persecution, and human rights violations.

Keywords: International migration, talent mobility, macroeconomic and financial crises, mobility of high-net worth individuals, development gaps, wage gaps, stagnation, inequality, refugees, humanitarian crises

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