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Facilitation of small business development as a means of combating labour migration

Author

Listed:
  • Liudmyla Lukashova

    (Kyiv National University of Trade and Economics)

Abstract

The undeniable relevance of the research stems from the intensification of the migration crisis in Ukraine and the increase in the number of migrant workers to 100 thousand people per month. The main trends, causes and consequences of labour migration from Ukraine prove the need to find new tools that can prevent an increase in the flow of migrant workers. The object of the study is the process of facilitating small business development, which is considered as a priority means of combating labour migration in Ukraine. The practical value of the obtained research results lies in the possibility of their application in the Ukrainian realities and the solution of the migration crisis problem by improving the economic conditions of the most mass stratum of business entities. The list of facilitation and deregulation measures for small business entities formed on the basis of diagnostics of the current legal framework allowed to conduct a critical reforms analysis, identify "bottlenecks" and problems of legislative implementation. The author verified that the provision of financial and credit support to small business entities under the soft loan program is feasible only if quality monitoring of the targeted use of funds is provided. Due to the calculations, the size of an additional limiting parameter to the applicants' business plans was determined, in particular, the return on capital investment of not less than 10%. Thus, the need for this percentage entails the lack or insufficient quality of monitoring.

Suggested Citation

  • Liudmyla Lukashova, 2020. "Facilitation of small business development as a means of combating labour migration," Technium Social Sciences Journal, Technium Science, vol. 11(1), pages 180-202, September.
    • Handle: RePEc:tec:journl:v:11:y:2020:i:1:p:180-202
    DOI: 10.47577/tssj.v11i1.1574
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    References listed on IDEAS

    as
    1. International Monetary Fund, 2019. "Chad: Fifth Review under the Extended Credit Facility Arrangement and Financing Assurances Review-Press Release; Staff Report; Staff Supplement; and Statement by the Executive Director for Chad," IMF Staff Country Reports 2019/399, International Monetary Fund.
    2. International Monetary Fund, 2019. "Ukraine: Request for Stand-By Arrangement and Cancellation of Arrangement Under the Extended Fund Facility-Press Release; Staff Report; and Statement by the Executive Director for Ukraine," IMF Staff Country Reports 2019/003, International Monetary Fund.
    3. International Monetary Fund, 2019. "Pakistan: Request for an Extended Arrangement Under the Extended Fund Facility-Press Release; Staff Report; and Statement by the Executive Director for Pakistan," IMF Staff Country Reports 2019/212, International Monetary Fund.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    labour migration; employment; small businesses; facilitation; deregulation; regulatory support.;
    All these keywords.

    JEL classification:

    • R00 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General - - - General
    • Z0 - Other Special Topics - - General

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