As the Russian invasion forces the EU to cut many economic ties with Russia, the US under president Biden presents itself as the obvious partner for the future.
Welcoming refugees from Afghanistan and Ukraine is also an economic investment: While the EU usually tends to focus on the costs of welcoming refugees, Cassandra Zimmer, Reva Resstack, and Michael Clemens from the centre for global development argue that refugees will grow the economy if you let them work. “This is because refugees typically work, adding value to the economy at similar rates to native workers. And that work does not take away any labour market opportunities for natives,” they write.
