Competitive advantages of the labor market in Ukraine

Authors

DOI:

https://doi.org/10.31617/2.2025(53)02

Keywords:

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.

Author Biographies

Yurii BYTSIURA, Mykhailo Dragomanov State University of Ukraine

PhD (Economics), Associate Professor, Associate Professor at the Department of Economics and Entrepreneurship

Vasylyna ILYUKHINA, Mykhailo Dragomanov State University of Ukraine

Lecturer at the Department of Economics and Entrepreneurship

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Published

2025-03-12

How to Cite

[1]
BYTSIURA, Y. and ILYUKHINA, V. 2025. Competitive advantages of the labor market in Ukraine. INTERNATIONAL SCIENTIFIC-PRACTICAL JOURNAL COMMODITIES AND MARKETS. 53, 1 (Mar. 2025), 25–39. DOI:https://doi.org/10.31617/2.2025(53)02.