With the right guidance, the current wave of immigration into the European Union could morph from a crisis into an opportunity. That’s according to International Monetary Fund economists in this timely look at the actual and potential economic impacts – both good and bad – of refugees on EU countries. Clearly, the immediate humanitarian disaster poses great challenges, but the ongoing assimilation of new workers and taxpayers into an aging Europe could beget decidedly positive outcomes for both natives and migrants. getAbstract recommends this thought-provoking analysis to executives, economists and policy makers.
In this summary, you will learn
- How the wave of asylum seekers from Syria, Afghanistan and other countries is affecting European nations;
- What economic impacts the new immigrants could have on the European Union; and
- What programs the EU might consider to integrate successfully these new immigrants into the labor pool and society.
About the Authors
Shekhar Aiyar et al. are affiliated with the International Monetary Fund.