Analysis of the Impact of International Migration on the Financial and Economic Cooperation of Countries




Migrants, International, Migration, Migration Flows, Labor Resources, Unemployment, Labor Market


Purpose:  The aim is to study the theoretical foundations and practical aspects of the analysis of international migration and identify its impact on the financial and economic cooperation of countries.


Theoretical framework:  The development of cryptocurrencies by banking institutions operating in the online environment provides for the purchase and sale of cryptocurrencies on stock exchanges, not on crypto exchanges, allowing the use of cryptocurrencies as a means of payment and investment.


Design/methodology/approach:   The methodological basis of the study is built on general and special methods of economic analysis and scientific cognition, namely: system analysis, synthesis, scientific abstraction, comparison, analogy, statistical analysis, functional-systemic approach, graphical and tabular methods, generalization, systematization, grouping, k-means clustering method.


Findings:  The obtained results of the study allowed us to establish that in today's conditions the processes of international migration have significantly aggravated and have a significant impact on the formation of the basic principles of financial and economic cooperation of countries. The largest migration flows from Ukraine to European countries have been identified, which is due to the intensification of the financial, economic, humanitarian, and socio-political crisis caused by Russia's full-scale invasion of Ukraine. It has been proven that the greatest destructive impact of international migration is experienced by such countries as Poland, the Czech Republic, Germany, and Hungary, where the largest number of refugees and socially vulnerable populations is concentrated.


Research, Practical & Social implications:  A significant level of financial support to Ukraine from highly developed countries has been established. This is manifested in the provision of significant amounts of credit and grant assistance. It has been suggested to strengthen interstate cooperation between countries in the field of migration to overcome the crisis.


Originality/value:  proposals have been made to form a set of measures to regulate migration flows and balance the international labor market.


Download data is not yet available.


Alkaabi, H.S., Naamo, G.S., Fahmi, A.M. (2023). The Impact of the Components and Dimensions of Human Capital on Organizational Relations. International Journal of Professional Business Review, 8, 4, 1–23. Available at: Doi:

The average salary in different countries and Ukraine, 2021. Ministry of Finance of Ukraine. Available at:

Batalova, J. (2022). Top Statistics on Global Migration and Migrants. Migration Policy Institute. Available at:

Bilan, Yu. (2017). Migration of the Ukrainian Population: Economic, Institutional and Sociocultural Factors. Ubiquity Pres. Available at:

Brunow, S., Nijkamp, P. & Poot, J. (2015). The Impact of International Migration on Economic Growth in the Global Economy. Handbook of the Economics of International Migration, 1, 1027–1075. Available at:

Kapur, D. (2014). Political Effects of International Migration. Annual Reviews, 17, 479–502. Available at:

Koczan, Z., Peri, G., Pinat, M. & Rozhkov, D.L. (2021). The Impact of International Migration on Inclusive Growth: A Review. International Monetary Fund, 33. Available at:

Libanova, E.M. (2019). Labour Migration from Ukraine: Key features, drivers and impact. Economics and Sociology, 12 (1), 313–328. Available at: doi:10.14254/2071-789X.2019/12-1/19

Nearly 5 million jobs have been lost in Ukraine since the start of the Russian Aggression, says ILO, 2022. International Labour Organization. Available at:

Pavlov, O. (2022). International Labor Migration During the Russian War against Ukraine. Black Sea Economic Studies, 75, 80–86. Available at: DOI:

Ratha, D., Mohapatra, S. & Scheja, E. (2011). Impact of Migration on Economic and Social Development: A Review of Evidence and Emerging Issues. Policy Research Working Paper, 1–37. Available at:

Sakka, F. & Ghadi, M. Ya. (2023). Human Capital Development, Special Economic zones and Dubai as case Study: A Literature Review. International Journal of Professional Business Review, 8, 4, 1–23. Available at: Doi:

Samoiluk, O. (2022). Financial Aid from International partners: How much Ukraine Received on August 1, 2022. Economic Truth. Available at:

Sandvic, K. & Garnier, A. (2022). Forced displacement from Ukraine: notes on humanitarian protection and durable solutions. RLI Blog on Refugee Law and Forced Migration. Available at:

Stepanek, M. (2022). Sectoral impacts of International Labour Migration and Population Ageing in the Czech Republic. Computational Economics, 60, 375–400. Available at: DOI

Tanrikulu, F. (2020). Impact of International Migration on Patents, Innovation, Economy and Business Strategy. In: Dincer, H., Yüksel, S. Strategic Outlook for Innovative Work Behaviors. Contributions to Management Science. Springer, Cham. Available at:

The impact of the Ukraine crisis on the World of Work: Initial assessments 2022. International Labour Organization. Available at:

Tipayalai, K. (2020). Impact of International labor migration on regional economic growth in Thailand. Journal of Economic Structures, 9, 15. Available at:

Tomashuk, I. & Boltovska, L. (2022). Migration Processes in the context of Globalization of the World Economy. Economy and Society, 40, 1–12. Available at: DOI:

Tytarenko, L. & Sacalo, T. (2021). Labour Migration from Ukraine: Problems and measuring in System of Eurointegration. Problems of the systemic approach in Economics, 1 (81), 29–35. Available at: DOI

Vogt Isaksen, J. (2019). The impact of the financial crisis on European attitudes toward immigration. Comparative Migration Studies, 7 (24). Available at:

Unemployment by Country, 2021–2022. International Labour Organization. Available at:




How to Cite

Savin, V., Yin, L., Chernobay, L., Konokhov, S., Vasiltsova, N., & Mosiiuk, S. (2023). Analysis of the Impact of International Migration on the Financial and Economic Cooperation of Countries. International Journal of Professional Business Review, 8(5), e01591.