Hello and welcome to Business Daily with me, Manuela Saragossa.

Coming up, the economics of migration.

What does it mean for an economy?

We'll hear the arguments for open borders.

Immigrants, they're a source of labor, but they're also a source of new ideas,

of diversity, of innovation. Overall,

and on average, immigration is beneficial, certainly to the UK and I think to most other developed

countries as well. And the argument against open borders. Immigration represents a way to import

people that our political and economic elites like better. That is fundamentally, profoundly

anti-democratic. Plus, India's noodle food scare. That's all coming up in Business Daily from the BBC.

The European Union is in the grip of a moral panic. It's all about migrants or asylum seekers or refugees or immigrants.

Pick your term carefully. The language in this debate is emotionally charged to say the least.

Hundreds of thousands of them are crossing European borders as they fleet conflict and oppression in Syria,

Afghanistan and Eritrea. Others make the perilous journey across the Mediterranean Sea

from North Africa to escape a life of poverty. European leaders can't agree on how to deal with

the unprecedented surge in their numbers. So far there's been no coherent EU-wide policy. France

and Germany say each European country must be required to accept a quota of refugees,

but countries like Britain and Spain are reluctant. Is there an economic reasoning behind these

contrasting policies? Here's a snapshot from across Europe. I'm Damienniz in Berlin, Germany,

which is taking in more migrants than any other European

country. 800,000 are due to arrive this year, and it's expected that more than half will be allowed

to stay. Although there have been isolated attacks on migrant homes from right-wing extremists,

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