Leveraging Remittances for Families and Communities PDF Download

Author: United States. Congress. House. Committee on Foreign Affairs. Subcommittee on the Western Hemisphere (2007- )
Publisher:
ISBN:
Category : Business & Economics
Languages : en
Pages : 64

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Author: Manuel Orozco
Publisher: Lynne Rienner Pub
ISBN: 9781588268716
Category : Political Science
Languages : en
Pages : 249

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Book Description
Manuel Orozco moves beyond the numbers to provide a uniquely comprehensive, historically informed overview and analysis of the complex role of migrant remittances in the global economy. How do patterns of migration and remittances differ across regions? What kinds of regulatory and institutional frameworks best support the contributions of remittances to local development? What has been the impact of remittances on migrants and their families? Drawing on empirical data from five continents and firmly grounded in theory, Orozco¿s work reflects the evolution of our understanding about the importance of migrant remittances and the policies that govern them.

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: Raj Bardouille
Publisher: Cambridge Scholars Publishing
ISBN:
Category : Business & Economics
Languages : en
Pages : 356

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Globally, the volume of remittances to developing countries exceeds the development aid budgets. This volume explores the contribution of remittances to Africaâ (TM)s finances and provides concrete guidelines as to how these may be expanded. It contains essays by the field leaders in this area which record, review and revise our knowledge base on Africaâ (TM)s remittance patterns. The advent of new information communication technologies can contribute to an expanded capture of remittances from the African diaspora and in Africa new forms of money transfer are already taking shape which reflect this affordance. The volume also examines other resources, such as skills, that the African diaspora remits in its patterns of contact with Africa. The volume, shaped out of a conference on remittances and the African diaspora held at the Institute for African Development at Cornell University, is a timely reminder of the substantial role to be played in Africaâ (TM)s development by Africans themselves.

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: Rodolfo O. De la Garza
Publisher: Rowman & Littlefield
ISBN: 9780742518865
Category : Business & Economics
Languages : en
Pages : 252

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Book Description
For international migrants seeking employment in the United States, the desire to remit a portion of their earnings to their home countries is a time-honored custom. The flow of money southward from the United States has evolved from a stream flowing from families through informal networks to a major river with new tributaries fed by transnational migrant organizations, channeled through an increasingly formal marketplace, and attracting the involvement of home country governments. This volume tracks the evolution of the flow of money 'home, ' offering new data to enhance the picture and understanding of this important economic phenomenon

Author: Dilip Ratha
Publisher: World Bank Publications
ISBN: 146480320X
Category : Business & Economics
Languages : en
Pages : 299

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Book Description
Remittances remain a key source of funds for developing countries, far exceeding official development assistance and even foreign direct investment. Remittances have proved to be more stable than private debt and portfolio equity flows, and less volatile than official aid flows, and their annual flow can match or surpass foreign exchange reserves in many small countries. Even in large emerging markets, such as India, remittances are equivalent to at least a quarter of total foreign exchange reserves. India, China, Philippines and Mexico are the top recipients of migrant remittances. The Migration and Remittances Factbook 2016 attempts to present numbers and facts behind the stories of international migration and remittances, drawing on authoritative, publicly available data. It provides a snapshot of statistics on immigration, emigration, skilled emigration, and remittance flows for 210 countries and 15 regional and income groups. The Migration and Remittances Factbook 2016 updates the 2011 edition of the Factbook with additional data on bilateral migration and remittances and second generation diasporas, collected from various sources, including national censuses, labor force surveys, population registers, and other national sources.

Author: Shelly Chan
Publisher: Duke University Press
ISBN: 0822372037
Category : History
Languages : en
Pages : 227

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Book Description
In Diaspora’s Homeland Shelly Chan provides a broad historical study of how the mass migration of more than twenty million Chinese overseas influenced China’s politics, economics, and culture. Chan develops the concept of “diaspora moments”—a series of recurring disjunctions in which migrant temporalities come into tension with local, national, and global ones—to map the multiple historical geographies in which the Chinese homeland and diaspora emerge. Chan describes several distinct moments, including the lifting of the Qing emigration ban in 1893, intellectual debates in the 1920s and 1930s about whether Chinese emigration constituted colonization and whether Confucianism should be the basis for a modern Chinese identity, as well as the intersection of gender, returns, and Communist campaigns in the 1950s and 1960s. Adopting a transnational frame, Chan narrates Chinese history through a reconceptualization of diaspora to show how mass migration helped establish China as a nation-state within a global system.

Author: Sanket Mohapatra
Publisher: World Bank Publications
ISBN: 0821385534
Category : Social Science
Languages : en
Pages : 380

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Book Description
Remittances sent by African migrants have become an important source of external finance for countries in the Sub-Saharan African region. In many African countries, these flows are larger than foreign direct investment and portfolio debt and equity flows. In some cases, they are similar in size to official aid from multilateral and bilateral donors. Remittance markets in Africa, however, remain less developed than other regions. The share of informal or unrecorded remittances is among the highest for Sub-Saharan African countries. Remittance costs tend to be significantly higher in Africa both for sending remittances from outside the region and for within-Africa (South-South) remittance corridors. At the same time, the remittance landscape in Africa is rapidly changing with the introduction of new remittance technologies, in particular mobile money transfers and branchless banking. This book presents findings of surveys of remittance service providers conducted in eight Sub-Saharan African countries and in three key destination countries. It looks at issues relating to costs, competition, innovation and regulation, and discusses policy options for leveraging remittances for development in Africa.

Author: Donald F. Terry
Publisher: IDB
ISBN: 1931003866
Category : Banks and banking
Languages : en
Pages : 431

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Book Description
Examines the role of money transferred by migrant workers to their home country. Focuses on how the remittances meet the basic needs of family members there, whilst also generating opportunities for local communities and national economies. Considers the impacts in Latin America and the Caribbean, as well as in Europe, the Middle East and North Africa, and Asia.