Ideas to Action:

Independent research for global prosperity

Views from the Center

CGD experts offer ideas and analysis to improve international development policy. Also check out our Global Health blog and US Development Policy blog.

Views From The Center Blog

 

Refusing Visas, Refusing Income?

In 2015, there were 77,470,857 visits to the United States from other countries. These visitors brought tremendous benefit: not only did they each spend an average of $4,400 on US goods and services during their stay, but also they helped US firms engage with foreign markets, raise the quality of students here, and help with the diffusion of knowledge. We should want more of these tourists and businesspeople, and the above suggests a real cost to inaccurate visa screening mechanisms—of which blanket bans are a prime example.

Tougher Visa Policies Could Carry Heavy US Economic Cost

The Trump administration has imposed a number of entry restrictions through executive order, justifying them on national security grounds. But one additional set of concerns regards the economic costs of tightening visa restrictions, which can be considerable even when looking solely at temporary visitors. While the current bans would likely have a limited economic impact on the US through reduced tourist and business travel, the extension of restrictions could carry increasingly heavy economic costs.

World Bank Presidents, Ranked: From McNamara to Kim

The United States is pushing to re-elect the World Bank’s twelfth consecutive American president. Does he deserve another term? Both lending growth and project performance at the Bank appear weak by historical standards, but evaluating a bank with no profit motive is inherently difficult.