Islamic Banking

Japanese, Singaporean Passports Top Travel Freedom Index

Tom Burroughes, Group Editor, 14 April 2021


Future moves
Dr Parag Khanna, founder and managing partner of FutureMap, writing in the Henley & Partners report, said that the second half of the year may well see millions of people scattering again. “The shifting patterns of migration in the post-COVID world (when it comes) will be non-linear and perhaps unpredictable.”

“They will mimic the reality of a world in which there are many unfolding crises, from pandemics to climate change to political polarisation. Countries facing fiscal pressures as well as skilled labour and investment shortages will seek to attract and recruit everyone from start-up entrepreneurs who can stimulate innovation to doctors and nurses who can boost public health services. The global war for talent is now well underway.”

Greg Lindsay, director of Applied Research at NewCities, said in the report that “destinations ranging from Helsinki to Dubai in terms of climate and temperament are already drafting programmes and policies targeting footloose talent whose employers have given them permission to roam.”

While there are nations which tolerate or even encourage dual citizenship in some cases, some nations such as the US are less amenable, the report said. 

Annie Pforzheimer, senior non-resident associate at the Center for Strategic and International Studies and a member of the Council on Foreign Relations, said the polarised political environment meant that “immigration reform faces significant headwinds,” with strong resistance from Republicans to President Biden’s plan. Pforzheimer said “Congress also must take steps regarding the EB-5 Immigrant Investor Program, due to expire on 30 June.” An EB-5 Reform Bill has been introduced, but Pforzheimer said “while there may not be opposition to the bill, moving legislation at all has been thorny in the US Congress.”

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