Migration and the Trillion Dollar Bills on the Sidewalk: Michael Clemens

In this Wonkcast, originally posted on September 7, 2011, Michael Clemens explains why one of the biggest growth opportunities in the world economy lies not in the mobility of goods or capital, but in the mobility of labor. His message remains relevant as International Migrants Day approaches on December 18th. In his recent blog, Clemens argues we have plenty of reason to celebrate the movement of people – and backs it up with economic evidence and history.
If you found a trillion-dollar bill on the sidewalk, would you pick it up? Michael Clemens thinks he has found a bunch of such bills—huge gains to the poor people and the world economy that could be achieved by easing restrictions on cross-border labor mobility. He has written a working paper that sets forth a new research agenda on migration and is urging economists to pay more attention to the benefits of increased labor mobility for the people who move, the people and countries that receive them, and those who remain at home. In this week’s Wonkcast we discuss his four-point research agenda, and explore why some important questions about labor mobility are so rarely investigated.
The U.S. military has become increasingly involved in economic development, fulfilling roles normally played by USAID and other development NGOs. My guests this week, senior fellow Vijaya Ramachandran and research assistant Julie Walz, discuss their recent paper written with Gregory Johnson on the Commander’s Emergency Response Program (CERP), which provides funds for development projects in Afghanistan as part of the military’s development operations. While Vij and Julie are not advocating for or against military involvement in development, they recognize its occurrence and offer practical recommendations. 



When Dominique Straus-Kahn resigned suddenly as head of the International Monetary Fund last May, the world was thrown unexpectedly into search for his successor. Within days, CGD launched a survey of the global development community opinion on three issues: the selection process, criteria for rating the candidates, and ratings for 15 candidates identified in international media.





Are mobile phones revolutionizing development in Africa, or have they been over-hyped? My guest this week,