ARE IMMIGRANTS THE SOLUTION OF GLOOMY ECONOMIC FUTURE OF EUROPE?

Population in Europe is getting old and the number of people in productive age is decreasing. Fertility rate in most countries is very low. This process results in decreasing share of Europe in the world population and world gross domestic product. Could immigrants be seen the solution? Average age of immigrants is lower and the share of labor force in total number of immigrants is higher in comparison to native Europeans. Factors of immigration are either "push" or "pull" ones. Incentives for emigration and consequences of immigration are economic, political and social. Immigrants may be for the country both, opportunity or threat. For Europe, immigration is not the way of solution of the problem of slowing down economic power. The core point in the economic development of Europe is not ageing population but slow increase in total output in comparison to other regions in the world economy resulting from government macroeconomic policy based on high public expenses, bureaucracy and regulation of both, producers and consumers, and high taxation.