INTERNATIONAL MIGRATION: THE ANALYSIS OF ECONOMIC IMPACT IN THE GLOBALIZATION CONTEXT

Migration is one of the consequences of globalization, alongside production internationalization, the new global division of labor and the markets globalization. Economic and social impact of migration is significant and Romania has faced and continues to face the negative consequences of migration of young educated people, and social problems due to families where one or both parents are working abroad and children remain in the care of relatives. The authors analyze the economic impact of migration at European Union level, by using statistical regression models to allow decision-makers to take the most appropriate measures in the context of globalization. The main indicators that were used are the net remittances of workers and the Gross Domestic Product (GDP) per capita. The main conclusion of the research is that the net remittances of workers and the Gross Domestic Product (GDP) per capita are moving proportionally, therefore a positive net remission is a prerequisite to improve the economic performance, and the negative net remittances of labor, have negative effects on the economic performance. By connecting this result with the analysis of migration flows which affect Romania, the authors reached the conclusion that the negative economic impact of migration on the