Involvement of Migration Capital to Ensure Sustainable Development of the United Territorial Communiti
Involvement of Migration Capital to Ensure Sustainable Development of the United Territorial Communiti

Summary/Abstract: This scientific paper is devoted to developing ways and models of converting the labour migrants cost into the internal investment resources of United Territorial Communities, taking into account their new functions and powers. The article analyses current data on the main aspects of Ukraine's international labour migration, namely: the number of migrants, their main employment areas, the largest recipient countries of labour migrants and donor regions, the amount of remittances and savings of migrants. Considering the results of the research on the amount of cash flows, the availability of savings and the desire of many migrant workers to return to Ukraine, it can be argued that they have a huge potential to become one of the largest domestic investors of the United Territorial Communities. Therefore, migrants have resources, and UTCs have considerable authority to attract these resources. The authors present a scheme for forming an investment cluster of united territorial communities, the basis of which is the process of interaction between community leadership, academics and experts of higher education institutions, administrative services centres and migrant workers as potential domestic investors. The implementation and effective functioning of this model will create incentives for migrants to return and benefit from productive usage of their resources, as they will be able to earn enough income to keep families and create jobs for other residents.

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