Migration Policy, Labor Immigration and Economic Growth: Qualitative Analysis of Correlations and Interaction Scenarios

Abstract

The aim of our research is to use the data on the correlation between national migration policy, economic value of labor immigration and economic growth of the today’s EU member so that to define the possible directions and scenarios in modernization of both national and international regulation of the migration processes in the region. This work also measures the indicators of national migration policy adequacy of the EU members in relation to the demands of both globalizing world economy and local socioeconomic priorities. The author confirms there exists a mutual relation between the adequacy of a national migration policy and economic value of labor migration for the economic progress. Core strategies and potential threats to future development of national economic systems of these countries are also outlined in the context of global migratory processes. The offered here article also tests the hypothesis concerning the role of labor imigration in the dynamics of GDP. Other hypotheses posed here concern: reducing economic role of labor immigration for the GDP dynamics; inefficiency of the unified migration rules for all EU members which were introduced as an instrument for modernization of regional migration policies and levelling of the positions of very different countries.