The sustainability should be straightforward through the use of ISAs to fund education. Even within developed nations, replacing educational funding with ISAs is desirable.
The returns to migration is the primary channel for increasing wages *but* education is the primary channel for addressing political economy issues. Receiving countries typically balk at large scale migration that doesn't clearly benefit them. Think of Malengo as a channel that uses 1-step to change low-skill migration to high-skill migration. I have discussed this with dozens of people that I'd describe as rich versions of the median voter and they are all thrilled with that setup.
I think looking at all the channels addressed in "Abundance from Abroad" (Khanna et al 2021) are reasonable for educational migration. Ie automatic stabilizers from remittances, follow the leader effects from boosting the return to education and more.
Overall, I think we both agree it is wait and see to find out if *Malengo* can actually produce these results. However, I think it is reasonable to advocate for developing nations to have migration plans akin to Philippines that ensure these channels are maximized.
FlavoryEagle, thanks very much for your thoughtful and informative response - you've given us some reading to do! The political economy angle is especially interesting. People do seem much happier to see highly skilled immigration and so education could be a good way of facilitating that. Thanks again.
I really appreciate the commentary!
A few notes:
The sustainability should be straightforward through the use of ISAs to fund education. Even within developed nations, replacing educational funding with ISAs is desirable.
https://open.substack.com/pub/flavoryeagle/p/migration-financing-filling-the-missing
The returns to migration is the primary channel for increasing wages *but* education is the primary channel for addressing political economy issues. Receiving countries typically balk at large scale migration that doesn't clearly benefit them. Think of Malengo as a channel that uses 1-step to change low-skill migration to high-skill migration. I have discussed this with dozens of people that I'd describe as rich versions of the median voter and they are all thrilled with that setup.
I think looking at all the channels addressed in "Abundance from Abroad" (Khanna et al 2021) are reasonable for educational migration. Ie automatic stabilizers from remittances, follow the leader effects from boosting the return to education and more.
https://twitter.com/Nerland87/status/1782100636613456241?s=19
Overall, I think we both agree it is wait and see to find out if *Malengo* can actually produce these results. However, I think it is reasonable to advocate for developing nations to have migration plans akin to Philippines that ensure these channels are maximized.
FlavoryEagle, thanks very much for your thoughtful and informative response - you've given us some reading to do! The political economy angle is especially interesting. People do seem much happier to see highly skilled immigration and so education could be a good way of facilitating that. Thanks again.