THE LABOR MIGRATION IMPACT ON THE ECONOMICS OF GEORGIA

Abstract

The relevance of labor migration has increased significantly both worldwide and in Georgia. However, migration can be said to be inevitable for developing countries. 3.6% of the world's population or 281 million people are migrants. The main reason is economic. Migration is characterized by both positive and negative consequences. Remittances characterize positively, which are a prerequisite not only for reducing poverty, but also for stimulating GDP growth. The negative is characterized by a quantitative decrease in the population, which entails a decrease in income to the country's budget. In 2019-2021 in Georgia, 149.75 million lari was received from abroad in the form of remittances from migrants, although these remittances are spent on household consumption, which has a positive effect on families remaining in the country as poverty decreases, which leads to an increase in living standards. In particular, remittances increased by 1% in 2021 compared to coronavirus

     Thus, it can be concluded that the economic benefits of migration lie in the diversification of currency crises in the country. I believe that all Georgian migrants should return to the country, but this problem cannot be solved until jobs are created, because they want to return.

Thanks to these problems, the population can further increase the scale of migrants in order to improve their socio-economic situation.