Financial regulation of migration processes between Ukraine and the European Union: european integration context

• Main Authors: Tetiana Rybakova, Alla Androsenko
• Format: Article
• Language: English
• Published: Hryhorii Skovoroda University in Pereiaslav 2018-02-01
• Series: Економічний вісник університету
• Subjects: migration; migration processes; labor migration; state regulation; financial regulation; financial instruments; administrative and legal instruments; European integration; migration policy; visa- free regime
• Online Access: https://economic-bulletin.com/index.php/journal/article/view/168
• ISSN: 2306-546X; 2414-3774

Purpose: highlighting the financial regulation of migration processes in Ukraine in context of European integration on the basis of analyzing their current state and trends according to the new Strategy of the State Migration Policy. Methodology: system structural approach, methods of observation and generalization, method of logical analysis, method of graphical analysis, method of comparison, method of abstraction, method of analogies. Results: on the basis of Ukraine-EU migration processes analysis and their regulation in European integration framework, the priorities of migration processes financial regulation are proposed corresponding the most urgent challenges for Ukraine in the sphere of international migration. Practical implications: further research of the problems of foreign economic activity financial regulation, particularly at the level of international economic relations in context of globalization and Ukraine’s European integration; education process including preparation of the relevant sections of textbooks and manuals for the courses «Finance», «International Economics». Conclusions: the EU today is the most attractive region for Ukrainian migrants. In context of Ukraine’s European integration in 2014-2017 there is a strong trend for migration flows towards emigration, mostly labour one. Ukrainian labor migration by its size and profile does not correspond to the national interests, as economically active population lives Ukraine for the EU. A threatening trend is the gradual transformation of labor migration into a permanent one. This requires developing an adequate system of measures for the regulation of migration processes within the framework of migration policy with its priority towards depopulation reducing. The financial regulation measures proposed, including liquidation of financial system imbalance in the country, attraction of direct investments into the economy, formation of investment resources in the social sphere, tax system reforming, inflation regulation, the financing of social programs for internally displaced persons, influence migration processes indirectly through social standards. They are aimed at improving the migration climate, which should help to limit the population migration from Ukraine. The financial instruments used to return Ukrainian migrants to their homeland are based on the provision of various financial benefits for re-immigrants. Financial regulation of migration processes should be carried out in combination with other methods of regulation within the framework of the state migration policy.