Competitive advantages of the labor market in Ukraine
DOI:
https://doi.org/10.31617/2.2025(53)02Keywords:
labor market, workforce, competitive advantages, wages, labor migration.Abstract
The article is devoted to the research of the competitive advantages of the labor market in Ukraine, which determine the enhancement of the national economyʼs competitiveness in the context of globalization and modern challenges. The relevance of the topic is driven by the intensifying competition for skilled labor at the international level, the influence of globalization, demographic changes, and technological progress. The aim of the research is to analyze the key competitive advantages of Ukraineʼs labor market and to develop recommendations for strengthening them in the context of globalization and the digital transformation of the economy. The research is based on the hypothesis that Ukraine possesses significant competitive advantages, such as a highly educated population, a developed IT sector, and strategic geographical location. However, these advantages can be neutralized by low labor productivity, insufficient investment in human capital, and large-scale labor migration. It is assumed that the introduction of systemic reforms in education, social policy, and labor market infrastructure can strengthen the competitive advantages of Ukraineʼs labor market. The research methodology is based on the use of general scientific approaches, including statistical data analysis, a systematic approach, and comparative analysis. Data from the State Statistics Service of Ukraine, international organizations, and analytical reports are used. The authors have conducted a SWOT analysis of the labor marketʼs competitive advantages, which identified its strengths and weaknesses, as well as opportunities and threats for development. The results of the research have been revealed that Ukraine has significant potential to enhance its labor marketʼs competitive advantages, particularly through the development of a "green" economy, modernization of educational programs, and stimulation of innovation. The practical significance of the research lies in formulating recommendations for government bodies to reduce labor migration, increase investment in human capital, and improve working conditions. The research makes a scientific and practical contribution to understanding the competitive advantages of Ukraineʼs labor market and provides a basis for developing strategies for their effective utilization under modern conditions.
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