Europe’s decision to accept millions of new migrants has highlighted the dilemma facing aging Asian nations as they struggle to address the economic burden of their growing elderly populations. Will Asian policymakers follow Europe’s lead?
In its latest economic forecasts, the European Commission put the case for immigration, predicting that the recent influx of migrants would boost the Eurozone’s gross domestic product by up to 0.3 percent by 2020, due to increased government spending and an improved labor market.
More than 710,000 migrants have entered the European Union (EU) this year, more than double the 282,000 received in 2014, and the Commission expects up to 3 million will arrive by 2017, including from Syria and other war-torn nations.
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