The ability of citizens and businesses to move freely throughout the EU lies at the heart of European integration and the Single Market. Driven by the availability of jobs and resources, migration is generally demonstrated to result in an increase in aggregate output and income. Therefore, international migration has enormous implications for the growth and welfare of both originating and destination countries.
International money remittances play an important role in this development, shown to generally reduce poverty, increase small business investment and thus contribute to GDP growth. Together with international migration, the volume of remittances has indeed increased significantly over the past ten years in the EU, reaching €31.2 billion in 2010.
In this CEPS event, the panellists will explore the role of remittance services in EU market integration and growth. Drawing on the findings of a recent study of remittances in Poland – which demonstrates their significant impact on the Polish economy over the past 20 years through increased GDP growth and welfare – the panel of experts will analyse how to facilitate and enhance the development and impact of remittance services.
To download the above mentioned study, click here.
Participation in this event is exceptionally free of charge. A sandwich lunch will be served before the event, from 12.30 onwards.