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The article is devoted to the systematization and critical analysis of contemporary theoretical approaches to studying economic determinants and consequences of international labor migration. The evolution of theoretical concepts from classical neoclassical models to modern comprehensive approaches considering the role of households, social networks, and institutions is examined. Economic factors determining migration decisions at macro, micro, and institutional levels are analyzed. Special attention is paid to controversial consequences of migration for sending and receiving countries, including the impact of remittances, brain drain, effects on labor markets, and demographic processes. Limitations of existing theoretical approaches and prospects for their further development through interdisciplinary integration are identified.
international labor migration, economic determinants, migrant remittances, brain drain, migration theory, labor market, migration policy, sending countries, receiving countries
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