The number of registered refugees has reached a record high, with an estimated 25.9 million refugees and asylum seekers. That's a lot of human potential.
Often these refugees are met with hostility by locals and viewed as an added economic burden on already strained infrastructure and basic services. A fresh and innovative approach to how we accommodate displaced people could go a long way to changing this view and provide opportunities for refugees to flourish and contribute in their host countries.
Growing evidence, including a recent report by the Centre for Entrepreneurs, shows that refugees make great entrepreneurs. Given the right opportunities, refugees can not only support themselves but also create jobs in their host countries, reduce refugee-related public spending and strengthen social integration.
At Legatum Institute we believe that all people, regardless of whether they feature in migration, refugee or trafficking statistics should have the opportunity to create their own pathway to prosperity, able to fulfil their vast potential in a safe and secure environment. The Legatum Institute will soon publish the first report of our Global People Movements programme, asking what more we can do to support some of the world's most vulnerable people and provide these opportunities.