Three American economists, Daron Acemoglu, Simon Johnson, and James Robinson, were awarded the Nobel Prize in Economic Sciences for their groundbreaking research on wealth inequality between nations. Their work highlights the importance of strong legal frameworks and institutions for economic growth, as highlighted in their influential book ‘Why Nations Fail’.
World Tourism Day 2024 focuses on the vital link between tourism and peace. The event emphasizes how travel can promote cultural understanding, bridge divides, and foster economic growth, ultimately contributing to a more peaceful world.
Despite media hype, worldwide international migration remains a small minority, with domestic movement still the norm. However, geopolitical, technological, and climatic factors are intensifying displacement, and irregular migration routes are increasing. Immigration is a major concern in political campaigns, with nations struggling to balance citizen needs and the influx of migrants seeking a better life. Examples from diverse locations highlight the economic and social impacts of migration, including the need for international talent and the challenges of providing housing and support for asylum seekers.
