Labor market dynamics in developing countries: analysis of employment transformation at the macro-level

Gulmira Andabayeva, Vasily Movchun, Mayya Dubovik, Gaziza Kurpebayeva and Xinyu Cai ()
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Gulmira Andabayeva: Al-Farabi Kazakh National University
Vasily Movchun: Sechenov First Moscow State Medical University (Sechenov University)
Mayya Dubovik: Plekhanov Russian University of Economics
Gaziza Kurpebayeva: Kazakh Ablai Khan University of International Relations and World Languages
Xinyu Cai: Jiaxing University

Journal of Innovation and Entrepreneurship, 2024, vol. 13, issue 1, 1-14

Abstract: Abstract Understanding labor market dynamics remains a pivotal aspect within contemporary economic discourse, as necessitates the pursuit of effective employment models to ensure steady progress in the conditions of changes in the economic structure. The aim of the research is to examine the dynamics of the labor market in developing countries, with particular emphasis on China and Kazakhstan, taking into account economic, social, and technological trends. The methodology includes the analytic and comparison of trends in the labor market in developing countries, such as China and Kazakhstan over the past 20 years, and also monitoring the socio-economic nature of the labor process. The study identified changes in the labor market and provided empirical evidence for new forms of employment, utilizing comparative analysis and data visualization of the sectoral structure of the economy and global labor market trends up to 2027. The obtained results provide three main conclusions: a decrease in demand for low-skilled workers and an increase in demand for highly qualified individuals; the emergence of jobs with low levels of social protection; new forms of employment-oriented towards workers outside the social security system, domestic workers, and self-employed individuals. These types of employment can fill jobs in platform and piecework economies, cooperativism, and the sharing economy, which allows employers in developing markets to optimize employment. The findings of the study can contribute to understanding the functioning of the labor market in developing countries including the development of small and medium-sized businesses, startups, and innovative projects, and may be applicable in the development of economic and social policies for sustainable economic growth and social stability.

Keywords: Economic system; Digitalization; Income; Labor market; Macro-policy; Market flexibility; Social security; Stability (search for similar items in EconPapers)
Date: 2024
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DOI: 10.1186/s13731-024-00417-0

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