Impact of Globalisation on Regional Labour Markets and Living Standards and the Quality of Life of Citizens in the Context of Sustainable Development

Abstract

This study aims to provide an extensive analysis of the socio-economic consequences of globalisation in the context of labour market dynamics and the population's standard of living. Theoretical Framework: Intensive globalisation leads to a series of consequential changes in socio-economic development processes. Issues such as negative demographic trends, uncontrolled migration, a shortage of qualified personnel, and the need to improve the quality of life have become particularly significant. Method: The research methodology involved the use of general scientific research methods, specifically: the unity of analysis and synthesis, comparison, the method of abstraction. Results and Discussion: Statistical data on unemployment, labour migration, and quality of life indicators over recent years are provided. The main directions of a concept to mitigate the negative consequences of globalisation for the labour market and societal well-being are identified. It is established that the level of socio-economic development of an individual country largely depends on the state of the global economy and the crises within it. Research Implications: It is proven that the intensification of the role of globalisation in societal development requires a comprehensive study of the specifics of the functioning of the system of international socio-economic relations in interaction with national development strategies. Originality/Value: Optimising labour potential should be a priority in the context of active European integration and Ukraine's economic and political instability.