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What would happen if all borders opened?

What would happen if all borders opened?
Economic models suggest a very large rise in global output, and nobody can model the political response, which is the part that would decide it.
Speculative

The economic literature on open borders is unusual in the size of the estimated effect: several published models put the gain in global output at anywhere from 50 to over 100 per cent, on the grounds that the same worker produces far more in a high-productivity economy and that current restrictions are the largest single distortion in the world economy. Those models generally assume institutions stay intact under very large population movement, which is precisely the assumption critics regard as doing all the work. Observed migration behaviour also suggests movement would be far smaller than the theoretical maximum, since most people do not migrate even when legally free to, as within the European Union. Housing, public services and wage effects on the lowest-paid domestic workers are the contested empirical questions, and the evidence is mixed rather than absent. The honest classification is speculative, because the physical resources exist and the political and institutional response is unmodelled.

How confident this is

This is speculation. The scenario is far enough outside anything observed that the answer depends heavily on which assumptions you start from — treat it as a thought experiment, not a prediction.

Society

Common questions

What would happen if all borders opened?
Economic models suggest a very large rise in global output, and nobody can model the political response, which is the part that would decide it.
How certain is that?
Speculative. This is speculation. The scenario is far enough outside anything observed that the answer depends heavily on which assumptions you start from — treat it as a thought experiment, not a prediction.

Related pages

Sources

  1. World Bank Open Data — The World Bank (CC BY 4.0)

How these figures are compiled and checked