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Review Article

SRP. 2020; 11(12): 1383-1390


ANALYSIS OF CURRENT TRENDS OF EMPLOYMENT DIVERSIFICATION AT THE INTERNATIONAL LEVEL: CASE STUDY OF PHARMACY INDUSTRY

Aleksandr Petrov, Mihail Tolmachev, Dmitry Shlychkov, Maria Basova, Tatiana Turishcheva.




Abstract

The aim of the study is analysis of current trends of employment diversification at the international level in order to reduce unemployment as much as possible in the future. Manufacture of machinery and equipment, processing of agricultural produce, chemical industries, extraction and export of oil, gold, platinum, etc. make up the biggest part in the structure of GDP and employment. However, manufacturing sector in these countries remains resource-based and peripheral. The biggest challenge of the economic policy in these countries is structural transformation of economy, promotion of investments into high-production sectors in the first phase and subsequent transfer of profits into labor-intensive and low-production industries in the second phase. The current trend in the area of employment diversification at the international level is determined by the changing environment and communication patterns. The controversial nature of issues of employment diversification is explained by their growing significance on the global scale. Continental countries and mainly South European countries are dealing with the most challenging unemployment problems, such as youth unemployment. Rigid employment laws result in the situation where women and young people often become recipients of unemployment benefits. In the recent decades these countries have been making efforts to de-regulate labor markets allowing the employers to conclude fixed-term employment contracts, contracts for piece-rate work, part-time work, etc.

Key words: analysis, unemployment, diversification, employment, investment, organizational and design innovations, infrastructure, international level, insurance, finance, human capital, efficient logistics, pharmacy industry. JEL Classifications: A10, C02, C18, Е00, J6, О4






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