Circular migration is a continuing, long-term, and fluid pattern of international mobility of people among countries that occupy what is now recognized as a single economic space. According to this MPI Insight, both countries of origin and destination gain from this international mobility because it conforms to the natural preferences of many migrants and makes labour markets more flexible – an important instrument to cushion asymmetric shocks (economic shocks that hit countries differently) in Europe for example. Removing administrative obstacles to mobility and developing flexible long-term residence permits are only two of the many other policy recommendations advanced in this article.
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