Improving the Efficiency of Management of Large International Companies for the Development of Financial and Economic Cooperation Between Countries, Given Migration

Abstract

Purpose: The aim of this study is to analyze the relationship between the development of large international companies and migration. An equally important task is to improve the direction of financial and economic cooperation between exporting countries and countries receiving migrants.
 
 Theoretical framework: The process of globalization caused by the accelerated development of production and technology is chaotic. At the same time, migration processes can create economic conditions aimed at improving socioeconomic, cultural, and political development in countries.
 
 Methodology: The study uses general scientific and special research methods, namely the method of dialectical cognition, the method of induction and deduction, the method of scientific abstraction, the method of system analysis, the index system and evaluation method, the causal method, and the comparative method.
 
 Findings: The article proves that the financial and economic interests of countries should be taken into account when cooperating with migration and other international policies. This direction of development is ensured by increasing the efficiency of the management of large international companies and improving the mechanisms of financing international migration processes. At present, the efficiency of management of large international companies is enhanced by creating a trilateral mutually beneficial situation when the immigration process has a positive impact on the country of origin, the country of destination, and the migrant.
 
 Practical & Social implications: The positive impact of immigration is that immigrants use their rights in the host country to find work, develop skills and earn money, some of which they can transfer to their country of origin. The advantage of the destination country is that it can attract workers from unpopular countries who find jobs there.
 
 Originality: The article proves that the positive effect is ensured by an increase in remittances and is seen as a new source of additional financing for economic development. Through remittances, migrants make a direct contribution to reducing poverty in their country of origin. In addition, the positive impact is also reflected in social communication, which is manifested in the flow of information, ideas, values.