International labor migration: historical regularities and paradoxes of influence on socio-economic development of remittance recipient countries

Панченко, В.Г. and Резнікова, Н.В. and Карп, В.С. and Іващенко, Оксана Андріївна (2024) International labor migration: historical regularities and paradoxes of influence on socio-economic development of remittance recipient countries Інвестиції: практика та досвід (1). pp. 12-21. ISSN 2306-6814

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Abstract

The purpose of the article is to study the phenomenon of international labor migration in countries with a colonial past and to establish the dependence of the socio-economic development of migrant donor countries on remittances of labor migrants. It has been established that governments may consciously give preference to the strategy of attracting capital from labor migrants and diasporas and not implement policies for the reintegration of labor migrants who have not created jobs that could absorb the freed labor resource. The phenomenon of the postcolonial migration state and the postcolonial migration paradox are characterized, and the importance of institutional regulation of the processes of cross-border mobility is noted. It is noted that most of the recipient countries of remittances are characterized by political instability, are not resistant to crises and depend on external assistance, and, in fact, these are the factors that determine labor migration as such. By analogy with the export of raw materials, which are deliberately not used in the productive processing sector of the economy, the young working population is deliberately encouraged to emigrate for labor, which is a manifestation of the "resource curse", which indicates the deliberate exploitation of available labor resources in order to obtain short-term benefits and support extractive institutions. It finds that discussions on inclusive growth have become central to public and political debates in developing countries with a colonial past. In fact, the popularization of the term "inclusion" occursagainst a backdrop of growing inequality and political instability. Labor exports and the resulting remittances will contribute to inclusive growth, which is accompanied by an expansion of social opportunities in terms of access to health and education services, as well as improved well-being of those most in need. Consequently, "inclusive growth" from the perspective of the international labor migration process focuses less on the benefits of growth and more on the participation of all segments of the population in economic processes, on the development of human potential and infrastructure. It is noted that the Philippines is building discourses and policies aimed at maximizing labor migrationas a strategy that generates remittances, promoting Filipino migrant workers as a labor force indemand in foreign markets, taking into account gender determinants of professional choice. Factors are indicated why migrant remittances, being a significant addition to government efforts to stimulate development, have different effects on the economic growth of Nigeria and Ghana depending on the perspective (short-, medium-, long-term). The decisive impact of the energy crisis in Ghana on macroeconomic stability is noted, which proves the inconsistency of the strategy of focusing on cash receipts from migrants as an effective development strategy. This indicates that the governments of countries dependent on the remittances of labor migrants must implement a migration policy that will support the migrant throughout his entire life cycle and, among other things, will facilitate the official sending of remittances through existing financial institutions and the creation of new systems transfer, which not only increases accountability, but also reduces the loss of money when transferring through illegal channels. Policies are needed to enable house holds receiving remittances to use these resources effectively and efficiently, rather than simply spending them on consumption. This actualizes the creation of appropriate institutional conditions necessary for training, informing and orienting potential migrants even before emigration, in order to improve their integration in host countries, contribute to increasing earnings back home and family well!being.

Item Type: Article
Uncontrolled Keywords: international migration; migration policy; labor migration; cross-border mobility; regulation; economic development; inclusive growth; resource curse; developing countries; post-colonial states; global issues; official development assistance; unemployment; poverty; inequality; FDI; consumption; investment; savings; remittances; human capital; labor force; labor market; Southeast Asia; Africa.
Subjects: Статті у базах даних > Index Copernicus
Статті у періодичних виданнях > Фахові (входять до переліку фахових, затверджений МОН)
Divisions: Факультет економіки та управління > Кафедра міжнародної економіки
Depositing User: Доцент Оксана Андріївна Іващенко
Date Deposited: 09 May 2024 07:43
Last Modified: 09 May 2024 07:43
URI: https://elibrary.kubg.edu.ua/id/eprint/48915

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