Personal remittances of labor migrants to Ukraine: benefits for the country

  • Oksana Koshulko Polotsk State University
Keywords: Рersonal Remittances, Ukraine, World Bank, survey, GDP

Abstract

This paper is the continuation of a series of publications in recent years concerning Ukrainian migration abroad. This paper presents the results of research concerning the personal remittances sent to Ukraine from abroad during the period 1996-2016, using data from the World Bank. The paper also shows a comparison between personal remittances sent to Ukraine and the total Gross Domestic Product of Ukraine (data from Trading Economics) in the period from 2007 to 2016. The following stages of research were used: conducting a survey among ex-Ukrainian labor migrants and the children of current labor migrants in the Ternopil region of Ukraine about the effective use of personal remittances sent into the country from abroad; analysis of benefits for the socio-economic development of Ukraine gained from the personal remittances of Ukrainians; drawing conclusions about the importance of remittances for families of Ukrainian labor migrants, for the state and for the general socio-economic development of the country in general. Conclusions. The remittances of Ukrainian immigrants and the Ukrainian Diaspora from abroad to Ukraine are unquestionably important for the socio-economic development of the country, but these are only the transfers received through bank institutions, in fact, nobody knows the real amount of money transfers of immigrants to the country. The importance of the remittances for the families of the labor migrants is a very significant because sometimes they are the only source of survival for the families of the labor migrants. In these cases, the remittances enable the families of the labor migrants to survive in conditions of unemployment or low salaries at a time of high living expenses, or permit them to enjoy a higher standard of living in Ukraine. Ukrainians also use the remittances from abroad to buy or build houses for them and their families and educate children in universities. The importance of the remittances for the socio-economic development of Ukraine is also very high because they can be used as investments for the opening of small and medium-sized businesses in Ukraine. Thanks to the remittances from abroad, some of families of Ukrainian labor immigrants and ex-labor immigrants can open legal businesses in Ukraine or invest money in various projects for Ukraine, such as solar panels, with the aim of aiding the socio-economic development of Ukraine.

Downloads

Download data is not yet available.

References

1. Koshulko, O. (2018). Human capital depreciation of female immigrants and ways to restore lost human capital. MEST Journal, 15 Jan, Vol. 6(1), pp. 27-33, Belgrade, Serbia.

2. Koshulko O. (2017). Children of female immigrants in Turkey: numerical analysis of data. International Scientific Journal World Scientific News, Vol. 90, pp. 88-100, Nov. 2017, Katowice, Poland.

3. Koshulko, O. (2017). Research into the dilemmas concerning the employment of immigrants in their professions abroad and the depreciation or restoration of their human capital. Proceedings of the 3rd International Scientific Conference «Dilemmas of scientific research in various fields of science: natural sciences, science and technology, economic and social sciences, humanistic sciences,» Katowice Institute of Information Technologies, International Scientific Journal ‘World Scientific News’, Vol. 89 (2017), pp. 8-15, Katowice, Poland, November, 24.

4. Koshulko, O. (2017). Slavic women in Turkey: from past to present. Proceedings of the 7th International Symposium «Gecmisten Gunumuze Goc - Migration from Past to Present,» organized by Canik Municipality together with History Studies Journal, (pp. 2117-2124), Canik, Samsun, Turkey, February 17-19.

5. Koshulko, O., Kobets, V. (2017). Challenges of Ukrainian female immigrants and their children in host countries. Proceedings of the 9 th Junior Researchers Conference on European and National context in research, Polotsk State University, (pp. 110-113), Novopolotsk, Belarus, April 25-26.

6. Koshulko, O. (2016). Women from North move to South: Contemporary migration from the Former Soviet Union countries to Turkey. Transnational Press London Ltd., UK, 126 p. ISBN 978-1-919781-31-9. http://www.tplondon.com/books/koshulko.

7. Koshulko, O. (2016). Discourse about Women-Immigrants from Former Soviet Union Countries as a Special Social Group in Turkey. In: Gender in Transnational Societies: Feminist Scholarship and Personal Narratives by Rujuta Chincholkar-Mandelia and Moiyattu Banya, pp. 165-167, Cognella Academic Publishing, San Diego, USA.

8. Koshulko, O., Koshulko V. (2016). The role of Ukrainians in the economic growth of Poland. An International Research On-line Journal World Scientific News, Vol. 42, pp. 256-266, Feb. 2016, Poland. EISSN: 2392-2192.

9. Koshulko, O. (2016). Gender inequality as one of the largest problems of Slavic women in Islamic world. Proceedings of the 6th International conference «Gender and communicative behavior,» Polotsk State University, Polotsk, Republic of Belarus, October 27-28.

10. Koshulko, O. (2016). Reflections on the features of accumulation of the Human Capital of representatives of female and male genders. Proceedings of the II International Scientific Conference «Economic Theory of the XXI century: Search for Effective Mechanisms of Economic Management» Polotsk State University (pp. 78-81), Polotsk, Republic of Belarus, October 20-21.

11. Koshulko, O. (2016). Ukrainians in the Light of Migration Crisis in Europe. Proceedings of the International Workshop «Human rights - contemporary threats and challenges,» Faculty of Law, Administration and Economics, University of Wroclaw, Wroclaw, Poland, May 30-31.

12. Koshulko, O. (2015). Exploring of the Human Capital Depreciation of Ukrainian Labor Migrants Abroad: Results of a Survey. International Letters of Social and Humanistic Sciences, Vol. 64, pp. 66-72, Nov. 2015 © Sci Press Ltd., Switzerland doi: 10.18052/www.scipress.com/ILSHS.64.66.

13. Koshulko, O., Onkal, G. (2015). Issues in countries of the former Soviet Union as the driving force for female migration to Turkey. International Letters of Social and Humanistic Sciences. Vol. 56, pp. 120-126. Online: 2015-07-17. Sci Press Ltd., Switzerland doi:10.18052/www.scipress.com/ILSHS.56.120.

14. Koshulko, O. (2015). The «Value of Life and Labor» of Ukrainian Migrants Abroad. International Letters of Social and Humanistic Sciences, Vol. 59, pp. 1-8, Sep. 2015. Sci Press Ltd., Switzerland doi:10.18052/www.scipress.com/ILSHS.59.1.

15. Koshulko, O. (2015). The positive and negative aspects of Ukrainian labor migration for Ukraine and Receiving Countries. Proceedings of the 10th International Conference of the Albanian Institute of Sociology (AIS) «How the International Migration is shaping the Contemporary Society?» / Edited by Elda Sokoli Kutrolli, Naile Demiri. AAB College (pp. 17-18), Prishtina, Kosovo, November 20-21.

16. Koshulko, O. (2018). The current position and recent experience in Ukraine of children of labor migrants, internally and externally displaced persons, refugees and asylum seekers. In: 3rd UNESCO Chair monograph 2018 «International experiences in the area of refugee and migrant children's adaptation - theory, research, praxis» from the series «Development and Social Adaptation of Children and Youth», Maria Grzegorzewska Pedagogical University (MGPU), Warsaw, Poland.

17. Personal remittances, received in Ukraine (current US$). (2018). The World Bank. Received from https://data.worldbank.org/indicator/BX.TRF.PWKR.CD.DT. Accessed: 10.01.2018.

18. Ukraine GDP. (2018). Trading Economics. https://tradingeconomics.com/ukraine/gdp

Author Biography

Oksana Koshulko, Polotsk State University

Oksana Koshulko, Ph.D. in Economic Sciences, Associate Professor

Published
2018-02-22
How to Cite
Koshulko, O. (2018). Personal remittances of labor migrants to Ukraine: benefits for the country. University Economic Bulletin, (36/1), 207-214. Retrieved from https://economic-bulletin.com/index.php/journal/article/view/144
Section
Finance, Monetary Circulation and Credit