The Impact of Labor Migration on Human Capital Development

Abstract

The growing role of labor migrationis one of the most notabletrendsininternational migrationflows.Thismigration has become an important factor ineconomic development and a source of the increasing interdependence of countries and regions intoday’sglobalizedworld. It impactsmigrants’ country of origin as well as the destination country, chiefly affecting human capital in both groups of nations.This article systematizesthe positive and negative effects of labor migration focusing on humancapitalwhile suggesting asystem of indicators characterizing such effects.Special attention is paid to the analysis of policies related to suchmigration. This study explains how countries of origin and destination must carry outeffective and fair managementof labor migrationto make the most of itsbenefits at an international level.