HIGHLY skilled westerners will increasingly migrate to emerging economies in the east, new research revealed yesterday.
Booming economies such as China and India will require more intermediary services such as those provided by the financial and business sectors, a report by Oxford Economics claimed.
“I foresee a lot of people in the west moving to places like China, where they’ll be very welcome,” said economist Jens Tholstrup.
“Whereas in wealthy countries, we put the shutters down on migration.”
“Populist blocks on immigration are quite damaging to economic growth,” Tholstrup added.
Migration policies need to prevent skills shortages from developing, concurred Alistair Cox, chief executive of Hays, the recruitment firm that sponsored the research.