Abstract:
The AfrAsia bank released “Global Migration Report 2019”, and “New World Wealth” in 2019. These reports show wealth circulation trends in the past decade and forecast trends in the next decade. Around 90 countries and 150 cities with major markets are examined in this report. The main definitions in these reports are:
Some scholars for several reasons consider “wealth” as a better indicator for understanding health of economies rather than GDP:
By considering this issue, wealth circulation trends are a proper tool for measuring health of economies. For example, if many millionaires migrate to other countries, it might be related to several reasons such as (crime, lack of business opportunities, religious tensions, etc.). However, millionaire class in case of adverse events in a country is much prone to migrate to other countries than the middle class; due to available migration possibilities and facilities for them. It should be noticed that, migration of millionaires have negative effects on economies in origin countries. While some countries such as Australia and U.S. which are attracting millionaires in compare to other countries have a healthier economy, lower crime rates, better education, and business opportunities.
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