What are the economic consequences of the migration and remittances for the Ukraine?

• Autor(a) principal: Ostapchuk, Iryna
• Data de Publicação: 2010
• Tipo de documento: Dissertação
• Idioma: eng
• Título da fonte: Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
• Texto Completo: http://hdl.handle.net/10071/3798
• topic: Labor migration; Remittances; Consequências económicas -- Economic consequences; Ukraine; Migração profissional; Remessas; Ucrânia

Background: Economic integration activities in modern globalized world increasingly involve international movements of labor. Inthe case of the Ukraine, the country is one of the top ten donors of the labor force, where both, temporary and permanent migrant workers account for about 10% of the Ukraine’s total population. Considering that remittances received in Ukraine from its migrants workers are estimated to be about 4% of the Gross Domestic Product, there are grounds to claim that high flow of labor and workers remittance flows have been influencing the country's economic development in resent years. Purpose: The purposeof this paper is to analyze the impact of migration and remittances, and examine their consequences on the Ukraine's economy. Practical Approach: Different forms of secondary empirical material of both qualitative and quantitative character have been used. Furthermore, to complement the analysis, a survey among Ukrainian migrants working in Portugal has been conducted. Results: Ithas been determined that labor migration and remittances haveadual effect on the Ukraine'seconomy.First, remittances do have a strong short -term boost to domestic demand that positively affected GDP growth in recent years. Second, however, is that large financial inflows do not contribute to the business sector but instead generate dependence on remittances as they are a source of a supplemental income for many thousands of Ukrainian households; moreover,strong migration trends do not seem to generate more opportunities for those remaining in the Ukraine.