ECONOMIC IMPLICATIONS OF THE NEW MIGRATION WAVE IN EUROPE

Irina Ionescu () and Larisa Luchian ()
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Irina Ionescu: Alexandru Ioan Cuza University, Iasi
Larisa Luchian: Alexandru Ioan Cuza University, Iasi

Annals of Faculty of Economics, 2016, vol. 1, issue 1, 36-45

Abstract: The new European migration wave poses extreme consequences for the balance of the European Union, as it was showed by the last trimester of 2015 and the first trimester of 2016.The German politic, unanimously adopted by all state members, is seeing some serious cracks, especially in economic terms. This paper aims to look at the real economic implications the migration wave has upon the European Union and determine whether the influence of such a high number of migrants might help the Union diminish its economic debts or, on the contrary, will most likely pose a threat to the system. The extensive literature in the field is highly up to date, which determines the research process to be one relevant for future inquiries. Already, Europe finds itself in one of the most risky situations after the World War II – protecting its boarders from the outside, as well as from the inside. Latest terrorist attacks that took place in Europe (in Paris two times, in Ankara, as well as in Brussels) confirm that the continent is on the verge of losing the fight against terrorism, as the phenomenon seems to already propagate within its own foreign communities. The latest terrorism actions were conducted by European citizens of foreign ethnicity, which can only make one wonder what will the main effect of embracing even larger foreign communities of migrants, within the heart of Europe, be in the upcoming years. The paper will also look closely at one of the most foreseen negative effect of massive migration in Europe – the possible resurgence of terrorism in the area. Albeit the differences between various European communities is striking, European authorities must find a way to determine everyone cope as one, or else the future of the European Union’s borders as they are today is in danger. The qualitative methodology used in the present article focuses on a relevant literature, as well as specific data received and interpreted from reliable first-party sources: International Monetary Fund, Eurostat, Global Terrorism Index, Global Terrorism Database, OECD, etc.

Keywords: migrants; European Union; economy; terrorism; economic implications (search for similar items in EconPapers)
JEL-codes: F51 J15 (search for similar items in EconPapers)
Date: 2016
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