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The economic consequences of the contemporary European migration crisis on the Czech Republic

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Abstract It is possible to state that every complicated question about dealing with the contemporary migration crisis has a simple but a wrong answer. From the constructivist perspective, the level… Click to show full abstract

Abstract It is possible to state that every complicated question about dealing with the contemporary migration crisis has a simple but a wrong answer. From the constructivist perspective, the level of an objective grip of reality by the human mind is debatable, so, in this article, we can at least try to offer a certain (even simplified) view, particularly from the perspective of economics. Most economic analyses of the contemporary state of the Czech Republic appear very positive. In 2016, there was a record over profit margin in the state budget and unemployment in the Czech Republic was the lowest in the EU. Are such economic conditions a relevant factor for the integration of immigrants according to the system of the migration quotas of the EU, or is it possible that we cannot count on the long-term positive economic condition of the Czech Republic, because the economic condition of the state is not as positive as it seems? The low average income in the Czech Republic and large investments abroad do not add up to the positive economic picture painted in the Czech Republic. From an economic perspective, the Czech Republic is able to integrate the number of immigrants according to the EU quotas. If the quotas grow because it is not possible to determine the exact number of refugees, it can be assumed that the economic stability of the Czech Republic will be critical.

Keywords: state; czech; migration crisis; czech republic; republic economic

Journal Title: Kontakt
Year Published: 2017

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