Abstract:

The world labor market is characterized by a growing dynamics and strong volumes of labor export and import, which is realized through international labor migration. Movement of the labor force carries out a number of important functions in the global economy - from income redistribution and promotion of wages in different countries - to the exchange of professional experience, the spread of new innovative technologies, and the growth of labor productivity. In addition, the socio-economic implications of international labor migration for donor countries and recipient countries are ambiguous, they differ in the short, medium and long-term time periods.