Author: Jo Joseph
Publisher:
ISBN:
Category :
Languages : en
Pages : 0
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Book Description
Migration and remittance has close relationship, it's a two sides of the coin. The migrants aim also like that in nourishment of family. However, the negative implication of the migration is the development. The recognition of migrant remittance enhanced the development of the country. So that remittance has the vital role of the country's development also migration is progressing everywhere. The flows of the remittances are increasing in the developing countries. This interest sharpened in remittance flows also development and eradicate poverty allegation in the affluent countries. Mostly, remittances considered as workers' wages in the form of sending money, gifts or donation in the country of origin. Rarely money acceptance also happens in the country of origin for the sustainability of migrants in the new country. As a part of migration, migrant aims are also be stable in the new country as well as acquire a job opportunity and earn something.Many motives are there to remit money to the country of origin. It may hold assets, family flourish, save money for the future, education of the children and complexity of different kinds of socio economic factors. Supporting family is the main aim of the migrant remittance as part of their earnings as money or goods. In the world economy, remittances are the foreign currencies in the largest sources. Remittances can be made of various ways as money transfer by financial institutions such as banks, money transfer operators as Western Union, Moneygram etc.The impact of remittances highlights its advantages and demerits. First one is the eradication of poverty in the developing countries. In International remittance worldwide India is the largest recipient, over 80 billion in 2020 and migrants are over 15 million. Internal migration remittances are also there in India. The socio economic dimensions as regional, historical and analysis of international remittances in India as focused in this study. Primary aspects of this study includes as region of sources in migration, analysis and spatial variations of migration remittances in the geographical level. The analysis includes as Census, Reserve bank of India Notes, International surveys and interviews etc.The international migration from India mainly focused to the Middle East till the end of 20th century. In this migration majority are male dominated streams and remittance affected as 17% of Indian households. Generating substantial remittance of the source region and usually directed to the urban areas of Indian suburb. Mostly the migration happens in the small town cities to big town cities or rural urban etc. After the development of technology, social platforms are very useful to the information provider of migration process, job hunting, transportation and accommodation of migrants. Gulf migration supports many households in India, the migration people builds a new face of Middle East in the modern era. Gulf remittance mainly supports the state of Kerala in India, savings remitted periodically sent to the origin country supports family, purchasing houses or land, investments, insurances, education and start a small business. Remittance service mechanism including postal money orders, bank drafts, cheques or wire transfers etc. Money transfer operators opened a new corridor of international or national remittances worldwide.Later 20th century the international migration from India to Europe, Australia, US, Canada and New Zealand drastically increased. Nonresident Indians deposit accounts significantly grown in the 20th century. Also, development is also growing every aspects of human being. Majority of migrants are healthcare professionals from Indian suburb includes doctors and nurses, engineers, skilled professionals and unskilled migrants too. The recent trends are the healthcare professionals focusing on the United Kingdom. The reason is that UK liberated the rules and regulations, deficiency of healthcare professionals in the natives of UK, English as a foreign language, basic schooling onwards Indians are studies in English etc. These benefits are favored many Indian nationality to compete with other nationality like Philippines, China, Africans etc. The authorities have employed foreign currency bonds for working Indians abroad as well as direct investment portfolios by the success of mobilizing the labor earnings through the financial account.Migration barriers of the poorest people associated with costs and risks of the remittances. All needy populations are not accessible to the remittances and the migration, the initial capital needs to migrate. Since remittances are received periodically there's a motivation to create a culture dependency within the developments. The private sectors of financial institutions are taking more interests in remittance rather than in the previous years. The private firms are competing to make customers as regular in the future then they makes many offers. Major banks are also providing best interest rates for non resident deposits. There's no doubt for closer cooperation of public and private sectors of remittance flows of sending and receiving countries, harness of potential development of the migration.
Author: Deepak Nayyar
Publisher:
ISBN:
Category : Business & Economics
Languages : en
Pages : 152
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Book Description
This book profiles international labor migration from India as a means to analyze the macroeconomic impact of labor flows and the associated financial flows on the national economy. The author first outlines the dimensions of and the trends in these migration and financial flows. He combines evidence from published and unpublished primary sources on migration, remittances, and capital flows to sketch a picture of international labor migration from India that has never before been available. He goes on to analyze the macroeconomic implications and consequences of migration. Through this analysis, he assesses the impact of labor and financial flows on output and employment, and of financial flows on savings, investment, and the balance of payments. In conclusion, the author sets out future guidelines which would facilitate the maximization and the socialization of benefits from international migration in the context of economic development.
Author: Ibrahim Sirkeci
Publisher: World Bank Publications
ISBN: 0821388266
Category : Business & Economics
Languages : en
Pages : 471
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Book Description
During the 2008 financial crisis, the possible changes in remittance-sending behavior and potential avenues to alleviate a probable decline in remittance flows became concerns. This book brings together a wide array of studies from around the world focusing on the recent trends in remittance flows. The authors have gathered a select group of researchers from academic, practitioner and policy making bodies. Thus the book can be seen as a conversation between the different stakeholders involved in or affected by remittance flows globally. The book is a first-of-its-kind attempt to analyze the effects of an ongoing crisis on remittance flows globally. Data analyzed by the book reveals three trends. First, The more diversified the destinations and the labour markets for migrants the more resilient are the remittances sent by migrants. Second, the lower the barriers to labor mobility, the stronger the link between remittances and economic cycles in that corridor. And third, as remittances proved to be relatively resilient in comparison to private capital flows, many remittance-dependent countries became even more dependent on remittance inflows for meeting external financing needs. There are several reasons for migration and remittances to be relatively resilient to the crisis. First, remittances are sent by the stock (cumulative flows) of migrants, not only by the recent arrivals (in fact, recent arrivals often do not remit as regularly as they must establish themselves in their new homes). Second, contrary to expectations, return migration did not take place as expected even as the financial crisis reduced employment opportunities in the US and Europe. Third, in addition to the persistence of migrant stocks that lent persistence to remittance flows, existing migrants often absorbed income shocks and continued to send money home. Fourth, if some migrants did return or had the intention to return, they tended to take their savings back to their country of origin. Finally, exchange rate movements during the crisis caused unexpected changes in remittance behavior: as local currencies of many remittance recipient countries depreciated sharply against the US dollar, they produced a “sale” effect on remittance behavior of migrants in the US and other destination countries.
Author:
Publisher: World Bank Publications
ISBN: 082136345X
Category :
Languages : en
Pages : 182
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Book Description
International migration, the movement of people across international boundaries to improve economic opportunity, has enormous implications for growth and welfare in both origin and destination countries. An important benefit to developing countries is the receipt of remittances or transfers from income earned by overseas emigrants. Official data show that development countries' remittance receipts totaled 160 billion in 2004, more than twice the size of official aid. This year's edition of Global Economic Prospects focuses on remittances and migration. The bulk of the book covers remittances.
Author: M. Rahman
Publisher: Springer
ISBN: 1137350806
Category : Political Science
Languages : en
Pages : 198
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Book Description
This volume provides theoretical treatments of remittance on how its development potential is translated into reality. The authors meticulously delve into diverse mechanisms through which migrant communities remit, investigating how recipients engage in the development process in South Asia.
Author: Premachandra Athukoralge
Publisher:
ISBN:
Category : Emigrant remittances
Languages : en
Pages : 98
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Book Description
Author: Samuel Munzele Maimbo
Publisher: World Bank Publications
ISBN: 0821357948
Category : Business & Economics
Languages : en
Pages : 402
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Book Description
Migrants have long faced unwarranted constraints to sending money to family members and relatives in their home countries, among them costly fees and commissions, inconvenient formal banking hours, and inefficient domestic banking services that delay final payment to the beneficiaries. Yet such remittances are perhaps the largest source of external finance in developing countries. Officially recorded remittance flows to developing countries exceeded US$125 billion in 2004, making them the second largest source of development finance after foreign direct investment. This book demonstrates that governments in developing countries increasingly recognize the importance of remittance flows and are quickly addressing these constraints.
Author: Gabi G. Afram
Publisher: World Bank Publications
ISBN: 0821389343
Category : Business & Economics
Languages : en
Pages : 139
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Book Description
This book analyzes the remittance market in India and attempts to identify some of the key actions and public policy measures for the improvement and future development of this market.
Author: Ibrahim Sirkeci
Publisher: World Bank Publications
ISBN: 0821388274
Category : Business & Economics
Languages : en
Pages : 470
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Book Description
During the 2008 financial crisis, the possible changes in remittance-sending behavior and potential avenues to alleviate a probable decline in remittance flows became concerns. This book brings together a wide array of studies from around the world focusing on the recent trends in remittance flows. The authors have gathered a select group of researchers from academic, practitioner and policy making bodies. Thus the book can be seen as a conversation between the different stakeholders involved in or affected by remittance flows globally. The book is a first-of-its-kind attempt to analyze the effects of an ongoing crisis on remittance flows globally. Data analyzed by the book reveals three trends. First, The more diversified the destinations and the labour markets for migrants the more resilient are the remittances sent by migrants. Second, the lower the barriers to labor mobility, the stronger the link between remittances and economic cycles in that corridor. And third, as remittances proved to be relatively resilient in comparison to private capital flows, many remittance-dependent countries became even more dependent on remittance inflows for meeting external financing needs. There are several reasons for migration and remittances to be relatively resilient to the crisis. First, remittances are sent by the stock (cumulative flows) of migrants, not only by the recent arrivals (in fact, recent arrivals often do not remit as regularly as they must establish themselves in their new homes). Second, contrary to expectations, return migration did not take place as expected even as the financial crisis reduced employment opportunities in the US and Europe. Third, in addition to the persistence of migrant stocks that lent persistence to remittance flows, existing migrants often absorbed income shocks and continued to send money home. Fourth, if some migrants did return or had the intention to return, they tended to take their savings back to their country of origin. Finally, exchange rate movements during the crisis caused unexpected changes in remittance behavior: as local currencies of many remittance recipient countries depreciated sharply against the US dollar, they produced a sale effect on remittance behavior of migrants in the US and other destination countries.
Author: Bimal Ghosh
Publisher: International Organization for Migration (IOM)
ISBN:
Category : Business & Economics
Languages : en
Pages : 132
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Book Description
Highlights the ways in which the development potential of remittances could be most effiectively used, while avoiding the possible risks. In doing so, it seeks to help promote a more balanced approach to the issue of remittances and development, which, as indicated above, is now high on the global economic agenda.
