During a fundraising event for his 2024 re-election campaign, US President Joe Biden made remarks about the economic struggles of countries like India, China, Russia, and Japan. He linked their economic struggles to their lack of openness to immigrants, stating that these countries are xenophobic and do not want immigrants. According to Biden, this is a barrier to their economic growth.
Biden highlighted the positive impact of immigration on the US economy, emphasizing that welcoming immigrants is crucial in driving economic growth and prosperity. He credited immigrants with contributing to the strength of the US economy and pointed out that they have expanded the country’s labor force. In contrast to these countries, analysts predict that India, China, Russia, and Japan will see a slowdown in their growth rates in 2024 while the United States is predicted to have slightly faster growth than the previous year. The International Monetary Fund attributes part of this difference in performance to the contribution of migrants who have expanded the US’s labor force.
These remarks by Biden come at a time when discussions about immigration policies are ongoing globally. His comments underscored the importance of openness to immigrants in driving economic growth and prosperity for all nations.
In conclusion, President Biden’s comments during his fundraising event highlight the importance of welcoming immigrants in driving economic growth and prosperity. While many countries may struggle with xenophobia towards immigrants, it’s evident that openness can lead to significant benefits for nations looking to grow economically.
