Direct foreign investments as one of the ways to reduce the deficiency of qualified personnels in the industry

The shortage of skilled labor has long been a factor constraining economic growth. A wide range of tools will be needed to solve this problem: from methods of increasing labor productivity to modernization of the vocational education system and the establishment of a personnel migration system. Another tool to reduce staff shortages may become foreign direct investment in the form of joint ventures and strategic alliances. The organization of training centers at such enterprises has already shown its effectiveness.