Purpose – to study the causes and consequences of migration processes. The results of the study. This article presents the results of an analysis of the dynamics and current state of labor migration processes in Ukraine. The authors evaluated the impact of international labor migration on the country's economy. The causes of labor migration, its positive and negative consequences are characterized. This study examines and summarizes the global experience in regulating external migration flows

more »

... foreign countries. The authors suggested directions for improving the system of regulation of external labor migration, as well as measures to promote on its of use as an important element of economic development based on the analysis. Practical implications. The results of this paper can become the basis for the formation of migration policy of Ukraine according with European standards. Originality/Value. This paper is expanded of the concept of the main directions and the principles of state migration policy, which the government of Ukraine must adhere to when forming it, has been. Research limitations/Future research. It is advisable to direct further research towards a quantitative analysis of the composition, structure and national characteristics of labor migrants. Paper type – empirical.