THE ROLE OF FLEXICURITY MODEL FOR DECENT WORK AND ECONOMIC GROWTH: LITHUANIAN CASE.

The aim of this paper is to show the importance of the labour market and employment in the conditions of globalization in the context of sustainable development. This paper evaluates the formation of sustainable development, its main features and sustainable development goals. This theme aims to examine the evolution of sustainable development goals and its fundamental values and to show the importance of labour market and one of its policies - flexicurity. The objectives of this article are: to characterize the sustainable development goals on the global, the European Union Member States (EU-28) and Lithuanian levels; to characterize the flexicurity of labour market policy and to make a comparative analysis of employment forms in Lithuania, Latvia, Denmark and the EU-28 in the period of 2005-2017. Data from Eurostat databases for the year 2005-2017 are used for the analysis. The method of base indicators (labour market employment rate, activity rate, unemployment rate and others indicators) comparison is used, whereas the first year (e.g. year 2005) of the analysed period is chosen as base year. The analysis shows that economic modernization in the context of globalization in Lithuania is based on the main sustainable development goals and the EU-28 economic development targets. The comparison of main labour market employment forms in Lithuania, Latvia, Denmark and the EU-28 shows differences, which requires further research. The investigation reveals that in Lithuania and Latvia the flexicurity model is weak, unlike in Denmark and the EU-28. [ABSTRACT FROM AUTHOR]