Open AccessMIGRATION AND HUMAN CAPITAL: IMPLICATIONS OF THE PANDEMIC CRISIS FOR ITS ACCUMULATION
Author(s) -
Mariia Shagalkina
Publication year - 2021
Publication title -
socialʹno-trudovye issledovaniâ
Language(s) - English
Resource type - Journals
ISSN - 2658-3712
DOI - 10.34022/2658-3712-2021-42-1-126-134
Subject(s) - human capital , productivity , business , human resources , human migration , perspective (graphical) , capital (architecture) , pandemic , scale (ratio) , developing country , immigration , economics , development economics , economic system , market economy , economic growth , covid-19 , political science , population , geography , sociology , artificial intelligence , archaeology , pathology , computer science , management , medicine , demography , cartography , disease , infectious disease (medical specialty) , law
Migration is a great challenge of our time: people freely move across borders in search of better economic, career, and social opportunities. But besides being a challenge, migration brings benefits to countries and organizations around the world. This is due to the migration of highly skilled professionals fueling economies with human capital, which is recognized to drive economic performance, productivity, innovation, and competitive advantages of both firms and countries. This makes human capital and its carriers, i.e. talents, a scarce resource, which has led to the so-called “war for talent” worldwide. The ability to attract and retain highly skilled individuals explains the success of companies on a global scale. The aim of this study is to analyze the high-skilled migration from the perspective of the human capital theory, the effect of the COVID-19 pandemic on human capital mobility, and to review successful examples of immigration policies of both developed and developing economies at the country and firm level.