Remittances, Recession-- Returning Home?

Remittances, Recession-- Returning Home?
Author: Hilary Hemmings
Publisher: Woodrow Wilson Center
Total Pages: 50
Release: 2010
Genre: Business & Economics
ISBN: 1933549823

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"Woodrow Wilson International Center for Scholars, Comparative Urban Studies Project"--Cover.

Defying the Odds: Remittances During the COVID-19 Pandemic

Defying the Odds: Remittances During the COVID-19 Pandemic
Author: Mr. Kangni R Kpodar
Publisher: International Monetary Fund
Total Pages: 35
Release: 2021-07-16
Genre: Business & Economics
ISBN: 1513578456

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This paper provides an early assessment of the dynamics and drivers of remittances during the COVID-19 pandemic, using a newly compiled monthly remittance dataset for a sample of 52 countries, of which 16 countries with bilateral remittance data. The paper documents a strong resilience in remittance flows, notwithstanding an unprecedent global recession triggered by the pandemic. Using the local projection approach to estimate the impulse response functions of remittance flows during Jan 2020-Dec 2020, the paper provides evidence that: (i) remittances responded positively to COVID-19 infection rates in migrant home countries, underscoring its role as an important automatic stabilizer; (ii) stricter containment measures have the unintended consequence of dampening remittances; and (iii) a shift from informal to formal remittance channels due to travel restrictions appears to have also played a role in the surge in formal remittances. Lastly, the size of the fiscal stimulus in host countries is positively associated with remittances as the fiscal response cushions the economic impact of the pandemic.

Global Economic Prospects 2006

Global Economic Prospects 2006
Author:
Publisher: World Bank Publications
Total Pages: 182
Release:
Genre:
ISBN: 082136345X

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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.

Remittances

Remittances
Author: Samuel Munzele Maimbo
Publisher: World Bank Publications
Total Pages: 402
Release: 2005
Genre: Business & Economics
ISBN: 0821357948

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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.

Sending Money Home

Sending Money Home
Author: Rodolfo O. De la Garza
Publisher: Rowman & Littlefield
Total Pages: 252
Release: 2002
Genre: Business & Economics
ISBN: 9780742518865

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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

Migration and Pandemics

Migration and Pandemics
Author: Anna Triandafyllidou
Publisher: Springer Nature
Total Pages: 264
Release: 2021-12-01
Genre: Social Science
ISBN: 3030812103

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This open access book discusses the socio-political context of the COVID-19 crisis and questions the management of the pandemic emergency with special reference to how this affected the governance of migration and asylum. The book offers critical insights on the impact of the pandemic on migrant workers in different world regions including North America, Europe and Asia. The book addresses several categories of migrants including medical staff, farm labourers, construction workers, care and domestic workers and international students. It looks at border closures for non-citizens, disruption for temporary migrants as well as at special arrangements made for essential (migrant) workers such as doctors or nurses as well as farmworkers, ‘shipped’ to destination with special flights to make sure emergency wards are staffed, and harvests are picked up and the food processing chain continues to function. The book illustrates how the pandemic forces us to rethink notions like membership, citizenship, belonging, but also solidarity, human rights, community, essential services or ‘essential’ workers alongside an intersectional perspective including ethnicity, gender and race.

Migrant Remittances and Development in the Global Economy

Migrant Remittances and Development in the Global Economy
Author: Manuel Orozco
Publisher: Lynne Rienner Pub
Total Pages: 249
Release: 2013
Genre: Political Science
ISBN: 9781588268716

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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.

Migrant Workers in Russia

Migrant Workers in Russia
Author: Anna-Liisa Heusala
Publisher: Routledge
Total Pages: 149
Release: 2016-09-13
Genre: Business & Economics
ISBN: 1317328000

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Russia has a very large pool of economic migrants, up to 25% of the workforce according to some estimates. Although many migrants, many from former Soviet countries which are now independent, entered Russia legally, they frequently face bureaucratic obstacles to legal employment and Russian citizenship, factors which have led to a very large “shadow economy”. This book presents a comprehensive examination of migrant labour in Russia. It describes the nature of migrant labour, explores the shadow economy and its unfortunate consequences, and discusses the rise of popular sentiment against migrants and the likely impact. The book also sets the Russian experiences of migrant labour in context, comparing the situation in Russia with that in other countries with significant migrant labour workforces. The Open Access version of this book, available at http://www.taylorfrancis.com, has been made available under a Creative Commons Attribution-Non Commercial-No Derivatives (CC-BY-NC-ND) 4.0 license.

A Decade after the Global Recession

A Decade after the Global Recession
Author: M. Ayhan Kose
Publisher: World Bank Publications
Total Pages: 475
Release: 2021-03-19
Genre: Business & Economics
ISBN: 1464815283

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This year marks the tenth anniversary of the 2009 global recession. Most emerging market and developing economies weathered the global recession relatively well, in part by using the sizable fiscal and monetary policy ammunition accumulated during prior years of strong growth. However, their growth prospects have weakened since then, and many now have less policy space. This study provides the first comprehensive stocktaking of the past decade from the perspective of emerging market and developing economies. Many of these economies have now become more vulnerable to economic shocks. The study discusses lessons from the global recession and policy options for these economies to strengthen growth and prepare for the possibility of another global downturn.

Case Study on South-South Cooperation: PRC-ADB Knowledge-Sharing Platform

Case Study on South-South Cooperation: PRC-ADB Knowledge-Sharing Platform
Author: Asian Development Bank
Publisher: Asian Development Bank
Total Pages: 272
Release: 2012-08-01
Genre: Business & Economics
ISBN: 9290928336

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This publication showcases the beginnings of the People‘s Republic of China–Asian Development Bank knowledge sharing platform, its context, activities, challenges, and lessons learned. It concludes by mapping out the next steps to bring it to its strategic mission.