Executive Summary - The Nature of Human Mobility

in the recent history of the Latin particularly workers who compete American and the Caribbean (LAC) with migrants for jobs; and can The Venezuelan exodus appears region. [...] The to have had a positive effect on largest population flow in the world additional labor supply can also economic growth in the region, (surpassed only by that of the Ukraine induce a decline in wages in the short thanks to additional labor supply crisis) and the largest flow in the world run. [...] Since 2015, Colombia (Lebow 2022), Ecuador estimates show that flows from over seven million Venezuelans— (Olivieri and others 2021), and Peru Venezuela are likely to raise GDP about a quarter of the country’s (Morales and Pierola 2020) show growth among the largest recipient population—have left the country, that the wages of less educated and countries in LAC by an average of escaping economic c. [...] countries, mainly the United States (2022) estimates that the Venezuelan Over the long term, the benefits of and Spain. [...] Morales and Pierola Mobility brings benefits The net benefits depend on (2020) found that a 1.0 percentage point increase in the share of the policies and institutional If managed well, the increasing Venezuelans in Peru is associated numbers of Venezuelans could arrangements host with a 1.5 percentage point increase create a development opportunity countries have in place in the probability of be.