Ones and Tooze cover image

Ones and Tooze

The Economics of Asylum-Seekers

Oct 25, 2024
Over a million asylum seekers flooded Europe, sparking a political shift towards far-right immigration policies. The discussion dives into the ethical dilemmas faced by migrants as governments tighten their borders. It also critiques the World Bank's approach to addressing extreme poverty and public debt in developing countries. Additionally, they explore fiscal policies in the U.S. and France, examining how demographic changes influence migration attitudes. The conversation highlights the urgent need for more effective financial strategies.
49:52

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Quick takeaways

  • The recent surge in asylum applications in Europe reflects a significant political shift, as centrist governments adopt far-right immigration policies under pressure.
  • The economic performance of Italy under Giorgia Meloni illustrates a complex relationship between populist governance and national economic growth, raising concerns for future social welfare.

Deep dives

Surge in Asylum Applications in Europe

In 2023, Europe saw a significant increase in asylum applications, totaling 1.14 million. This marks the highest level of applications in recent years, surpassing the figures from the 2015-16 migrant crisis. European governments are feeling the pressure, as there is a consensus that they need to reduce this number in the future. The rising far-right political sentiments are influencing immigration policies, as some centrist governments have begun adopting more restrictive stances on asylum and migration, reflecting a broader conservative shift across the continent.

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