Essence and value of the competition for the labour market

Abstract

The transition from an export-oriented raw-materials model to an innovation-based model of economic growth is associated with the formation of a new mechanism of social development based on a balance of entrepreneurial freedom, social justice, and national competitiveness. Achieving this strategic goal requires the creation of effective mechanisms for regulating the labour market, ensuring a combination of competition with partnership relations among employees, employers, and the state.