STATE REGULATION OF THE NATIVE MIGRANTS’ REMITTANCES

Abstract

The remittances of the migrants can become one of the most significant positive results of international migration. Still, the usage of their capabilities demands scientific-based prudent state control. In Ukraine, the policy in this field is merely at the stage of the development. The international experience of the realization of the ways of revenue stimulation from international migrants and the main ways of their mobilization in the development of countries – suppliers of the labor power have been reviewed. The main channels of international money transfers and their fees have been analyzed. According to the sociological survey of the Ukrainian migrants, the individual aspects of their economic behavior have been clarified. In this connection, it turned out that most of the respondents send their funds to Ukraine, where they are mostly spent to the satisfaction of daily needs of the family and also to the accommodations of the migrant during his staying home. Besides, in Ukraine, the common ways of use of money earned abroad are the purchase of durable goods, savings, repairs, and housing reconstruction. In the meantime, the survey has exposed the low willingness to invest their money in Ukraine. The investments into the business function are the most common way of the possible investment of the migrant funds. The research has proved the necessity of the state policy development in the field of regulation of the remittances. The measures of such regulations are systematized in two directions. The first one applies to the transfers and transferring channels themselves. The objective of such regulation is the money transfers of the migrants from abroad through the official channels and increasing of their rate. The second one is connected directly with the transfer usage. Its objective is the spending of such funds for the benefit of development and their effective usage.