Migration Could Double World Economy

Global growth could use a little more juice these days. The answer could be easier than we think: We need to get moving.

While a freer flow of goods alone can boost global gross domestic product by a modest amount, loosening of restrictions to international migration could lift growth worldwide by 67 percent to 147.3 percent, according to economists' estimates cited in research by Mark Wynne, vice president of the Federal Reserve Bank of Dallas. (Global GDP will probably be $81.5 trillion this year, International Monetary Fund estimates show.)

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