Attraction of migration capital into investment activity in Ukraine

• Main Authors: Tkachuk Iryna G., Vusyatytska Maryana P.
• Format: Article
• Language: English
• Published: PH "INZHEK" 2013-03-01
• Series: Problemi Ekonomiki
• Subjects: private money transfers; migration capital; associations of migrants; investment resources
• Online Access: http://www.problecon.com/pdf/2013/3_0/34_40.pdf

The article analyses volumes and structure of receipt of private money transfers into Ukraine. It shows that a significant part of money transfers is used for consumption, which testifies to the not used investment potential of the migration capital. It marks out main directions of measures on stimulation of investing money transfers of migrants into economy, namely: improvement of financial instruments for migrants, increase of financial literacy of migrants and members of their families; attraction of migrants to general investments into entrepreneurial activity; and support of individual entrepreneurship of migrants. The article considers foreign experience of the use of migrant funds as an investment resource. It determines the role of local and state bodies of authority, financial institutions, associations of migrants and other non-governmental organisations in the investment activity of migrants. It offers measures on attracting migration capital into economy.