MIGRATION OF HUMAN CAPITAL FROM DEVELOPING COUNTRIES OF EUROPE IN TERMS OF EUROPEAN INTEGRATION: CAUSES AND CONSEQUENCES
This article is devoted to studying causes and consequences of international migration from developing European countries to the Eurozone countries. The aim of the study is to evaluate migration attractiveness of the Eurozone states through the study of the impact of socio-economic factors on the number of arrivals of foreign workers from developing European countries. The main migration European centers are analyzed in the article. Priority areas for migrants from the developing European countries are presented with the graphical method. The authors point out that the contradictory nature of migration, which, on the one hand, opens up opportunities for qualified foreign workers, brings economic benefits to exporting and importing countries of labor, on the other hand, leads to negative consequences for countries involved in migration processes. The hypothesis about the importance of socio-economic factors of external migration in the Eurozone member states from developing European countries were confirmed as a result of the econometric research. It is revealed that when making decisions about migration, indicators such as average wage, crime rate, unemployment rate, GDP per capita, index of economic freedom, are taken into account. The significance of the results is enhanced by the fact that migration processes are indicative because the EU countries that were the first ones to experience the effects of the demographic transition, and as well as Russia, are trying to fill in missing manpower with growing migration. The obtained results can be of interest to professionals who are involved in the study of migration, development of migration policy and the challenges of demographic and cultural security. The findings can be adopted by relevant agencies to develop solutions which are aimed at attracting skilled migrants to the workforce-deficient sectors of the economy.