The impact of migration on the competitiveness of the region and industry development

Abstract

The impact of migration on Ukraine is multifaceted. It increases the threat of depopulation, leads to losing a part of the labour and intellectual potential, and thus, may become a factor inhibiting economic development. Today, there is a shortage of workers in almost all activities, especially in industry and construction. At the same time, according to scientists, in the absence of migration, unemployment in Ukraine would be 36.7% higher. Due to foreign earnings, the quality of life in migrant households is improving. Increasing consumer demand can contribute to the economic development of both individual regions and the country as a whole. This article aims to analyse the impact of migration processes on the regional competitiveness. Social, economic, and demographic factors should be taken into account when forming a comprehensive indicator of regional competitiveness. There is a need to evaluate the weight of individual factors and the mechanism of their impact on a comprehensive indicator of the regional competitiveness. Considering the findings of previous studies, the important role of industrial enterprises in assessing the level of regions' competitiveness is emphasized; it is necessary to study in more detail the relationship of migration processes and industrial potential of the region/country.