(click to enlarge)
The COVID-19 pandemic, the ensuing economic crisis, changing travel restrictions and increased cases of displacement due to conflict have created an unprecedented scenario for global migration.
There are more than 280 million migrants worldwide, a record 3.6 percent of the world’s population. Migrant remittances play a crucial role in low- and middle-income countries, many of which are major sources of migration, such as Mexico and India. It is also no coincidence that their destination countries like USA and UAE are among the wealthier countries. Since the mid-1990s, remittances have far exceeded official development assistance in developing countries. Of the $702 billion worth of international remittances in circulation in 2020, $540 billion went to lLow- and middle-income countries.
Insecurity also plays a large role in driving global migration and displacement. Almost 35 million migrants were refugees or asylum seekers and another 55 million were internally displaced. Refugees from Syria, Afghanistan, South Sudan, Myanmar and the Democratic Republic of the Congo make up more than half of the world’s refugee population. However, as economic stresses amplify food and energy crises, the frequency of conflict is likely to increase and stimulate new flows of security-related migration.