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  • Aftershock: Reshaping the World Economy After the Crisis — out now

    The financial crisis brought the world to the brink of economic breakdown. But now bankers’ bonuses are back, house prices are rising again and politicians promise recovery – all this while unemployment remains high, debts mount, frictions with China grow and the planet overheats.
    Is this really sustainable – or do we need to change course?

    Aftershock
  • Immigrants: Your Country Needs Them

    Immigration divides our globalising world like no other issue. We are being swamped by bogus asylum-seekers and infiltrated by terrorists, our jobs stolen, our benefit system abused, our way of life destroyed – or so we are told. Why are ever-rising numbers of people from poor countries arriving in Europe, North America and Australasia? Can we keep them out? Should we even be trying?

    Immigrants: Your Country Needs Them
  • Open World: The Truth about Globalisation

    Many people think that global companies now rule the roost, and that the most we can do as citizens is to boycott their products in protest. They are profoundly mistaken. We are still free to choose – as individuals, as groups of like-minded people and through the power of our elected governments. What’s more, we can, to a large extent, pick and choose: unlike marriage, globalisation is not an either/or choice; it’s more like a supermarket where we can choose from the best the world has to offer.

    Open World
Posted 24 Feb 2013 in Uncategorized
Posted 23 Feb 2013 in CNN, Immigration, United States
Posted 10 Jun 2012 in Blog, CNN, Immigration

Austerity alone cannot solve Europe’s economic and financial crisis. Growth and jobs need to be promoted with equal zeal.

My new article for Project Syndicate explains how.

Posted 21 Feb 2012 in Blog, Europe, Project Syndicate

I debated the fiasco at the summit of EU leaders on 8-9 December on BBC Radio 4′s The World Tonight with Angela Knight, former Conservative minister and now lobbyist for the British Banking Association. Listen here

Posted 18 Dec 2011 in Blog, Britain, Europe, Finance, Media

Read my new article for Project Syndicate

Posted 13 Dec 2011 in euro, Project Syndicate

“The notion that migration is a one-way movement of permanent settlement is outdated. Most of it is temporary—and it’s time the debate about immigration recognised this reality,” argues Philippe Legrain, an analyst of immigration and the author of “Aftershock”, a recent book analysing economic changes in the wake of the financial crash. Read the full article here.

Posted 29 Aug 2011 in Blog, Immigration, The Economist
Posted 29 Aug 2011 in Blog, Europe, Immigration, The Economist

Headlines from a poll this week suggested nearly half of British people think there are too many immigrants in the UK.

But the findings change when people are presented with the facts.

The average respondent thought 3 in 10 people in the UK are foreign-born.

When told it’s actually 1 in 10, more than twothirds thought this was either “not many” (36%) or “a lot but not too many” (31%). Just 30% thought it was “too many”.

Posted 05 Feb 2011 in Blog, Britain, Immigration
Posted 12 Jan 2011 in Blog, euro, EuroIntelligence

Thought of the day: banks

By Philippe Legrain 1 comment

The debate in the UK about whether to tax bank bonuses (Labour) or balance-sheets (Conservative) is a sideshow.

Both are stopgap measures.

The key issue is that banks need to be broken up on competition grounds so they don’t earn huge profits in the first place.

Posted 11 Jan 2011 in Blog, Britain, Finance
Posted 05 Jan 2011 in Blog, Britain, Public finances, The Guardian

Ireland’s new tax form

By Philippe Legrain 1 comment
Posted 08 Dec 2010 in Blog, Ireland, Uncategorized

I was interviewed on BBC World’s World News Today on 1 December 2010 about whether the EU’s border policy is working, whether Europe really can control its borders, and whether there might be a better approach to immigration instead.

Posted 02 Dec 2010 in Blog, Europe, Immigration, Media

Pat Kenny interviewed me on RTE1′s The Frontline on 29 December 2010 about the EU/IMF “bailout” and Ireland’s banking and debt crisis.

Part 1

Part 2

Part 3

Posted 02 Dec 2010 in Blog, euro, Finance, Ireland, Media

I was interviewed on the BBC World Service’s Business Daily programme about Ireland, the euro and Europe’s banking and sovereign debt crisis. You can listen to the interview here.

Posted 02 Dec 2010 in Blog, euro, Finance, Ireland, Media

In The Times‘ Christmas review of books about money, Oliver Kamm writes:

The Times recommends Aftershock: “The crash of 2007-09 did not turn into a reprise of the 1930s mainly because policymakers had learnt from the mistakes of that era. They rescued the banks, slashed interest rates, and injected money into the economy to support demand. Philippe Legrain, in Aftershock: Reshaping the World Economy After the Crisis (Little, Brown, £12.99), lucidly discusses the policies that have (so far) prevented disaster and the route back to prosperity. Legrain knows his subject and is a commendably clear exponent of economic concepts. He argues, in my view incontrovertibly, that openness to trade and immigration has big welfare benefits.

Thank you.

Posted 27 Nov 2010 in Aftershock, Blog, The Times

I was interviewed on BBC World News on 25 November 2010 by George Alagiah about the euro-zone crisis and whether Portugal and Spain might be affected next.

Posted 25 Nov 2010 in Blog, Debt, euro, Finance, Media, Spain

I was interviewed by Peter Allen on 5 Live Drive on 23 November, following the government’s announcement of the details of its cap on highly skilled foreign workers.

The recording isn’t great and I sound a bit breathless because I was on my mobile phone at the airport, rushing to catch a plane.

Listen to it here

Posted 24 Nov 2010 in Uncategorized

The UK government yesterday announced much tighter restrictions on people from outside the EU who want to come here to work or study.

At at time when the government is relying on the private sector to drive the recovery as the public sector is cut back, and when the education sector is a particularly important export earner, the government is shooting itself in the foot.

Despite all the talk about Britain being “open for business”, it will become a more closed economy and society.

The new measures also betray a nasty double standard.

David Cameron spent a gap year working for Jardine’s in Hong Kong.

Nick Clegg worked as a ski instructor in Austria (before that country joined the EU in 1995).

Jeremy Hunt spent 2 years in Japan teaching English and learning Japanese.

I doubt someone from outside the EU could now do the equivalent in the UK.

In effect, what ministers are saying is that it’s fine for Brits to spend a year abroad working or studying, but outrageous if foreigners want do the same in the UK.

That’s shameful and wrong.

Posted 24 Nov 2010 in Blog, Britain, Immigration