Lubov Semiv

University of Banking of the National Bank of Ukraine

Lviv Institute of Banking Business

semivlk@rambler.ru

Yulia Hvozdovych

NAS Ukraine

Institute for the Regional Research

cheska4x@gmail.com

The Intellectual Migration of the Youth in Ukraine: the Backgrounds for “Brain Circulation”

Abstract: The migration of high-skilled youth is a natural phenomenon in terms of globalization and brings considerable benefits to countries that own the intellectual capital of these workers. The main trends related to the international youth migration that can cause the further threat of the “brain drain” in Ukraine are explored, namely: labour migration and “brain waste”, educational migration, migration for international scientific cooperation and professional training and “idea migration”. Some policy measures that can encourage an effective process of “brain circulation” in Ukraine are proposed.

Keywords: youth, intellectual migration, labour migration, academic mobility, outsourcing.

JEL Classification: F22, J24, J61, O15.