Pros and Cons of Investment Migration in The European Union Context
Published: 2024
Author(s) Name: Killion Munyama, John Mulenga and Som Sekhar Bhattacharyya |
Author(s) Affiliation: International Finance at the University of Economy (WSG) Bydgoszcz, Poland
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Abstract
This paper examines the advantages and disadvantages of investment migration from the European Union (EU) perspective. Investment migration in the EU has become a topic of substantial debate. On a positive note, it can stimulate economic growth, attract foreign capital, and enhance cultural diversity. Proponents argue that it brings job opportunities and decisively contributes to local development. On the other hand, concerns arise regarding the potential abuse, such as the risks in money laundering, tax evasion, and social inequality. Therefore, striking a balance between reaping economic benefits and mitigating associated challenges poses a significant policy challenge for EU member countries as they navigate the complexities of investment migration.
Keywords: N.A.
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