Many of the world’s 25 million refugees spend years struggling to provide for themselves or contribute fully to their host economies because they are legally barred from working or owning businesses. Granting refugees formal labor market access unlocks a range of benefits—for refugees, hosts, and global businesses.
Refugees can be immense economic contributors to the host communities where they settle, but to maximize their contributions, refugees need formal labor market access.
There are over 25 million refugees in the world today and most of them—especially those in developing countries—do not have formal labor market access (LMA). Granting refugees formal LMA has the potential to create substantial benefits for refugees and their hosts.
Policymakers and voters reasonably want to know what the effects of immigration are, to help them decide how much immigration there should be. But the effects of immigration are highly contingent on where, when, how, and who. We must ask a more fruitful question: how can different policy choices generate positive economic effects from immigration and avoid negative ones? Immigration is not inherently “good” or “bad.” Its effects depend on the context and the policy choices that shape it.