How much have I cost you, Latvia?

  • 2011-11-17
  • By Karina Oborune
Last week there was announced a terrifying number: 100 billion lats. This is the amount of money that the government of Latvia has lost because of emigration. Professor Michael Hazan at the University of Latvia announced such an amount based on his research on the labor market and migration.More than 200,000 people have left Latvia in the last decade, emigrating mainly to Great Britain, Ireland, Germany and the Scandinavian countries.Of course, there are shortcomings in the worker migration process. For example, the emigration of brains and the decline in the demographic situatio...
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