Migration: Challenge or Opportunity?

30 June – 1 July 2016

Europe’s immigration conundrum has two distinct strands: the refugees it is obliged to help and those migrants it wants to attract. While it is its legal duty to welcome the first group, by accepting the latter group it helps itself: they are economic migrants keen to work, and Europe needs them. A great many of them. When it comes to economic migrants Europe would rather choose the newcomers,

and not the other way around: the ageing continent needs skilled, well-educated immigrants, benefiting both the European economies and the migrants themselves. But do these skilled migrants really prefer Europe to, say, the US or Australia? Are the source countries being deprived of their best brains? How can Europe balance all these competing interests? How can it turn the challenge into an opportunity?


The Munich Economic Summit is an initiative aimed at bringing together academic scholars and decision-makers in politics, industry and finance to discuss vital European issues.

For fourteen years, the Summit has convened annually, involving only a limited number of invited participants to allow for a private atmosphere.

The Munich Economic Summit is a joint initiative of the BMW Foundation Herbert Quandt and the CESifo Group Munich — the latter itself a joint initiative of the University of Munich and the Munich-based Ifo Institute — in partnership with The Times.


The BMW Foundation Herbert Quandt brings together people from across communities, cultures and countries to drive social innovation, facilitate global dialogue, and promote responsible leadership.We believe that our approach breaks down barriers between politics, business, academia, and non profits and allows society to benefit from the energy and creativity that result from cross-sector collaboration.

The CESifo Group Munich links the Department of Economics of the University of Munich and the Ifo Institute with the international economic research community. It also supports the international CESifo Research Network, an independent academic research community now numbering over 1270 internationally-renowned economists from around the world.

MEDIA Partner

Published in the United Kingdom since 1785, The Times has been regarded for much of its history as Britain’s newspaper of record. It plays an influential role in politics and shaping public opinion about foreign events.