Labour Force Availability as an Economic Development Factor in Post Socialist Countries

Information
Title: Labour Force Availability as an Economic Development Factor in Post Socialist Countries
Issue: Vol. 7, No 2, 2014
Published date: 20-05-2014 (print) / 20-05-2014 (online)
Journal: Economics & Sociology
ISSN: 2071-789X, eISSN: 2306-3459
Authors: Olena Tkachenko
Taras Mosiychuk
Keywords: labour force, economic growth, intellectual labour, labour force mobility, labour efficiency
DOI: 10.14254/2071-789X.2014/7-2/6
DOAJ: https://doaj.org/article/56f47f37303e4c0caca79ad613ee1042
Language: English
Pages: 64-79 (16)
JEL classification: E66, O11
Website: https://www.economics-sociology.eu/?261,en_labour-force-availability-as-an-economic-development-factor-in-post-socialist-countries
File http://www.economics-sociology.eu/files/10_33_Tkachenko_Mosiychuk.pdf
Abstract

The article examines impact of human resources availability in post-socialist economy on its rate of economic growth in conditions of high dependency on the import of intellectual labour products from developed countries. The thesis about meaningful constraints, which active involvement of European post-socialist countries in the international system of labour division impacts on the ability of such countries to overcome the lack of human assets in the medium term, is substantiated. Two legitimate reasons of such restrictions are identified in the article. A regular concentration of economic management functions that require the most highly skilled performers in economically developed countries is called the first cause. The institutional shortcomings of post-socialist countries, where social sphere was not transformed into a source of competitive advantage for national business is called the second cause.