Analysis of Migrational Trends in the Context of Formation of Georgian Labor Market and Economic Development

Abstract

Georgia's participation in global migration processes has increased substantially in recent years. The significance of migration in the socioeconomic, cultural, political, and demographic aspects of the nation is growing. Effective migration management is one of the prerequisites for assuring the security and long-term stability of the nation. It is also an essential tool for reapprochement with the European Union and contributes to the country's socioeconomic development by maximizing the potential of migration. For this reason, proper planning of migration policy and continuous development of its management effectiveness is one of the Government of Georgia's top priorities, and its study is even more pertinent at the present time. The purpose of the study is to analyze migrational trends within the context of the formation of Georgian labor market and the growth of the economy, as well as to determine future prospects. Based on the purpose of the research, the main research objectives and hypotheses can be formulated as follows: 1. Analysis of migrational trends; 2. Characterization of the causes of migration; 3 Assessment of the impact of migration on the formation of the Georgian labor market and the development of the economy. The methodological foundation of the work is economic science research; Georgian and foreign language scientific articles, papers, and studies are used; and the research material is founded on National Statistics Service data. In the research, qualitative and statistical methodologies are employed. This research focuses primarily on data acquisition, comparison, evaluation, and analysis. Finally, the results and conclusions of the research can be used in higher education institutions as a guide material, and it will significantly help various institutions in working out the adequate issues of defining and realizing the country's economic development course. Key words: Modern migrational trends, Migrational challenges, Exporting-importing countries, Migration factors, Migration policy.