Sri Lanka’s Remittance Economy

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Author :
Publisher : Routledge
ISBN 13 : 0429843054
Total Pages : 178 pages
Book Rating : 4.4/5 (298 download)

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Book Synopsis Sri Lanka’s Remittance Economy by : Matt Withers

Download or read book Sri Lanka’s Remittance Economy written by Matt Withers and published by Routledge. This book was released on 2019-05-16 with total page 178 pages. Available in PDF, EPUB and Kindle. Book excerpt: Employing a multiscalar approach to migration outcomes, spanning individual households, local communities, the macroeconomy and global patterns of capital accumulation, this book demonstrates how cumulatively causal processes at structural, institutional and agency levels have forged a precariously remittance-dependent economy in Sri Lanka. This book combines historical-structural analysis with qualitative research to contend that remittance inflows have reinforced patterns of uneven development in Sri Lanka. At the heart of this argument is a bold critique of remittance capital that inverts the migration–development nexus which has come to dominate international policymaking, with implications for Sri Lanka and other ‘remittance economies’ throughout the Global South. The author contends that temporary labour migration from Sri Lanka is a process of ‘migration-underdevelopment’, in which remittance inflows – ubiquitously considered a key source of capital for developing economies – are reinforcing of uneven development at multiple scales and produce unsustainable development outcomes. Offering a uniquely systematic critique of remittances as a source of developmental capital for countries of origin, such as Sri Lanka, this book will be of interest to academics in the field of development studies, migration studies and Asian studies.

Sri Lanka's Remittance Economy

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Author :
Publisher :
ISBN 13 : 9780429453557
Total Pages : 178 pages
Book Rating : 4.4/5 (535 download)

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Book Synopsis Sri Lanka's Remittance Economy by : Matt Withers

Download or read book Sri Lanka's Remittance Economy written by Matt Withers and published by . This book was released on 2019 with total page 178 pages. Available in PDF, EPUB and Kindle. Book excerpt: Employing a multiscalar approach to migration outcomes, spanning individual households, local communities, the macroeconomy and global patterns of capital accumulation, this book demonstrates how cumulatively causal processes at structural, institutional and agency levels have forged a precariously remittance-dependent economy in Sri Lanka. This book combines historical-structural analysis with qualitative research to contend that remittance inflows have reinforced patterns of uneven development in Sri Lanka. At the heart of this argument is a bold critique of remittance capital that inverts the migration-development nexus which has come to dominate international policymaking, with implications for Sri Lanka and other 'remittance economies' throughout the Global South. The author contends that temporary labour migration from Sri Lanka is a process of 'migration-underdevelopment', in which remittance inflows - ubiquitously considered a key source of capital for developing economies - are reinforcing of uneven development at multiple scales and produce unsustainable development outcomes. Offering a uniquely systematic critique of remittances as a source of developmental capital for countries of origin, such as Sri Lanka, this book will be of interest to academics in the field of development studies, migration studies and Asian studies.

Sri Lanka's Migrant Labor Remittances

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Author :
Publisher : World Bank Publications
ISBN 13 :
Total Pages : 30 pages
Book Rating : 4./5 ( download)

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Book Synopsis Sri Lanka's Migrant Labor Remittances by : Esperanza Lasagabaster

Download or read book Sri Lanka's Migrant Labor Remittances written by Esperanza Lasagabaster and published by World Bank Publications. This book was released on 2005 with total page 30 pages. Available in PDF, EPUB and Kindle. Book excerpt: Remittances - money sent home by immigrant workers abroad - are hugely beneficial to Sri Lanka. Migrants' remittances have grown dramatically in recent years and are now estimated at US$1.5 billion annually. This national phenomenon is consistent with remittance trends in neighboring countries where remittance flows are growing as rapidly. The trend is likely to continue as many workers continue to look abroad for the chance to make a better living. The economic policy implications of these trends are significant. The Sri Lankan Central Bank is now debating the following key issues: the developmental impact of remittances; the high transaction costs associated with remittances; and the level of transparency and accountability in the remittance industry, especially the informal remittance sector. This paper highlights the key policy issues associated with each of these aspects of remittances with the objective of improving the public and private infrastructure for current and future flows. Building on recent World Bank research on remittances that prominently features South Asia, it has been prepared in recognition of the development potential of these flows. It discusses some of the key issues relating to the remittance industry in Sri Lanka. This paper complements the existing literature on migrant labor remittances to Sri Lanka and extends that literature by providing specific policy-relevant guidance on short and long-term policies for enhance enhancing the quality and outreach of rural remittance infrastructure.

Sri Lanka's Migrant Labor Remittances

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Author :
Publisher :
ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (931 download)

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Book Synopsis Sri Lanka's Migrant Labor Remittances by : Esperanza Lasagabaster

Download or read book Sri Lanka's Migrant Labor Remittances written by Esperanza Lasagabaster and published by . This book was released on 2012 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: Remittances-money sent home by immigrant workers abroad-are hugely beneficial to Sri Lanka. Migrants' remittances have grown dramatically in recent years and are now estimated at US$1.5 billion annually. This national phenomenon is consistent with remittance trends in neighboring countries where remittance flows are growing as rapidly. The trend is likely to continue as many workers continue to look abroad for the chance to make a better living. The economic policy implications of these trends are significant. The Sri Lankan Central Bank is now debating the following key issues: the developmental impact of remittances; the high transaction costs associated with remittances; and the level of transparency and accountability in the remittance industry, especially the informal remittance sector. This paper highlights the key policy issues associated with each of these aspects of remittances with the objective of improving the public and private infrastructure for current and future flows. Building on recent World Bank research on remittances that prominently features South Asia, it has been prepared in recognition of the development potential of these flows. It discusses some of the key issues relating to the remittance industry in Sri Lanka. This paper complements the existing literature on migrant labor remittances to Sri Lanka and extends that literature by providing specific policy-relevant guidance on short and long-term policies for enhance enhancing the quality and outreach of rural remittance infrastructure.

Migrant Labor Remittances in South Asia

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Author :
Publisher : World Bank Publications
ISBN 13 : 0821383515
Total Pages : 147 pages
Book Rating : 4.8/5 (213 download)

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Book Synopsis Migrant Labor Remittances in South Asia by : Samuel Munzele Maimbo

Download or read book Migrant Labor Remittances in South Asia written by Samuel Munzele Maimbo and published by World Bank Publications. This book was released on 2005-06-01 with total page 147 pages. Available in PDF, EPUB and Kindle. Book excerpt: According to a recent World Bank study of remittances, Bangladesh, India, Pakistan and Sri Lanka are all among the top 20 receivers of remittances, with estimated receipts of US$3.2 billion, US$8.4 billion and U.S$ 1.5 billion respectively. 'Migrant Labor Remittances in South Asia' identifies and discusses the key issues affecting the remittance industry in South Asia. It examines the development and implementation of policies, processes, and infrastructure to foster a development-oriented transfer of financial resources between migrants in developed economies and their families in the region. Rather than duplicate previous remittances work, this title only focuses on the region?s distinguishing characteristics, namely: --A large migrant population of semi-skilled and unskilled workers largely concentrated in the Arabian Gulf countries, particularly Saudi Arabia and the United Arab Emirates. --The presence of dedicated public institutions and government financial incentives aimed at facilitating and providing incentives for temporary migration and remittance inflows --The existence of large state bank branch networks with immense potential for a more effective and efficient remittance financial market. --The widespread usage of trade related informal remittance channels by both legal and illegal migrants. The book is intended for policymakers who legislate and regulate the financial sector, as well as for researchers and providers of remittance services.

Migration & Remittances

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Author :
Publisher :
ISBN 13 : 9789557397153
Total Pages : 28 pages
Book Rating : 4.3/5 (971 download)

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Book Synopsis Migration & Remittances by : Bilesha Weeraratne

Download or read book Migration & Remittances written by Bilesha Weeraratne and published by . This book was released on 2019 with total page 28 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Global Economic Prospects 2006

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Publisher : World Bank Publications
ISBN 13 : 082136345X
Total Pages : 182 pages
Book Rating : 4.8/5 (213 download)

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Book Synopsis Global Economic Prospects 2006 by :

Download or read book Global Economic Prospects 2006 written by and published by World Bank Publications. This book was released on with total page 182 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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 and Economic Growth

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Author :
Publisher :
ISBN 13 :
Total Pages : 24 pages
Book Rating : 4.:/5 (7 download)

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Book Synopsis Remittances and Economic Growth by : M. A. B. Siddique

Download or read book Remittances and Economic Growth written by M. A. B. Siddique and published by . This book was released on 2010 with total page 24 pages. Available in PDF, EPUB and Kindle. Book excerpt: In many developing countries, remittance payments from migrant workers are increasingly becoming a significant source of export income. This paper investigates the causal link between remittances and economic growth in three countries, Bangladesh, India and Sri Lanka, by employing the Granger causality test under a VAR framework (Granger 1988). Using time series data over a 25 year period, we found that growth in remittances does lead to economic growth in Bangladesh. In India, there seems to be no causal relationship between growth in remittances and economic growth; but in Sri Lanka, a two-way directional causality is found; namely economic growth influences growth in remittences and vice-versa. The paper also discusses a number of policy issues arising from the results of the analysis in relation to remittances in association with liberalisation of financial institutions, gender issues, regulation and enforcement, investment and savings schemes, and promotion and education.

Economy of the Conflict Region in Sri Lanka

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Author :
Publisher :
ISBN 13 :
Total Pages : 116 pages
Book Rating : 4.F/5 ( download)

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Book Synopsis Economy of the Conflict Region in Sri Lanka by : Muttukrishna Sarvananthan

Download or read book Economy of the Conflict Region in Sri Lanka written by Muttukrishna Sarvananthan and published by . This book was released on 2007 with total page 116 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Transnational Labour Migration, Remittances and the Changing Family in Asia

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Author :
Publisher : Springer
ISBN 13 : 1137506865
Total Pages : 348 pages
Book Rating : 4.1/5 (375 download)

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Book Synopsis Transnational Labour Migration, Remittances and the Changing Family in Asia by : L. Hoang

Download or read book Transnational Labour Migration, Remittances and the Changing Family in Asia written by L. Hoang and published by Springer. This book was released on 2015-05-13 with total page 348 pages. Available in PDF, EPUB and Kindle. Book excerpt: The contributors investigate the inter-relationships between migrant remittances and the family in Asia. They argue that, in the context of Asian transnational labour migration where remittances tend to become a primary currency of care, the making or breaking of the family unit is mainly contingent on how individuals handle remittance processes.

Migrants' Remittances and Development

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Publisher : International Organization for Migration (IOM)
ISBN 13 :
Total Pages : 132 pages
Book Rating : 4.F/5 ( download)

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Book Synopsis Migrants' Remittances and Development by : Bimal Ghosh

Download or read book Migrants' Remittances and Development written by Bimal Ghosh and published by International Organization for Migration (IOM). This book was released on 2006 with total page 132 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

Migrant Remittances in South Asia

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Author :
Publisher : Springer
ISBN 13 : 1137350806
Total Pages : 318 pages
Book Rating : 4.1/5 (373 download)

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Book Synopsis Migrant Remittances in South Asia by : M. Rahman

Download or read book Migrant Remittances in South Asia written by M. Rahman and published by Springer. This book was released on 2014-11-25 with total page 318 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

Sri Lanka and Malaysia

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Author :
Publisher : Oxford University Press, USA
ISBN 13 :
Total Pages : 444 pages
Book Rating : 4.F/5 ( download)

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Book Synopsis Sri Lanka and Malaysia by : Henry J. Bruton

Download or read book Sri Lanka and Malaysia written by Henry J. Bruton and published by Oxford University Press, USA. This book was released on 1992 with total page 444 pages. Available in PDF, EPUB and Kindle. Book excerpt: Sri Lanka and Malaysia have similar land areas and resource endowments. Both countries were once colonies, and in both a large plantation and mining export sector coexists with a peasant rice economy. The expansion of the plantation and mining sector in past centuries attracted large numbers of immigrant Indian and Chinese workers and created plural societies composed of different ethnic groups with different cultures and traditions. Despite this common background, these two countries have had very different experiences with economic development since their independence. Malaysia achieved unusually high growth rates but had trouble with equity and employment and did not establish an indigenous growth process. Sri Lanka did well on equity by trying to maintain its culture and Buddhist heritage, but its policies created problems with productivity and balance of payments and finally led to a virtual collapse of the economy by early 1970. The author and his associates point to the constraints within which government policies in both countries were made, and they seek to evaluate the origins and legitimacy of these constraints. Their much-needed, comparative study is readable, thorough, and sometimes provocative.

Migration and Remittances Factbook 2016

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Author :
Publisher : World Bank Publications
ISBN 13 : 146480320X
Total Pages : 299 pages
Book Rating : 4.4/5 (648 download)

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Book Synopsis Migration and Remittances Factbook 2016 by : Dilip Ratha

Download or read book Migration and Remittances Factbook 2016 written by Dilip Ratha and published by World Bank Publications. This book was released on 2016-04-08 with total page 299 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

Migrant Remittances and Low-income Households in Sri Lanka

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Author :
Publisher : Monash University Press
ISBN 13 : 9781876924683
Total Pages : 0 pages
Book Rating : 4.9/5 (246 download)

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Book Synopsis Migrant Remittances and Low-income Households in Sri Lanka by : Judith Shaw

Download or read book Migrant Remittances and Low-income Households in Sri Lanka written by Judith Shaw and published by Monash University Press. This book was released on 2008 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: In many developing countries, remittances from workers who have migrated elsewhere have expanded in the last three decades to become a key balance of payments. In response to their growing economic significance, there has been increasing policy interest in harnessing remittances as a resource for macroeconomic and regional development, but few studies give detailed consideration to migrant workers and their families from a development policy perspective. Sri Lanka, a small low-income country, sends large numbers of workers into overseas labor markets. This working paper contributes to the building of a development policy framework by focusing on the main issues which affect remittance flows to households and the expenditure decisions of recipients in Sri Lanka. The study recommends appropriate corrective measures.

The Sri Lankan Economy

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Author :
Publisher : Asian Development Bank
ISBN 13 : 9292579746
Total Pages : 291 pages
Book Rating : 4.2/5 (925 download)

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Book Synopsis The Sri Lankan Economy by : Prema-chandra Athukorala

Download or read book The Sri Lankan Economy written by Prema-chandra Athukorala and published by Asian Development Bank. This book was released on 2017-10-01 with total page 291 pages. Available in PDF, EPUB and Kindle. Book excerpt: This is a pivotal period in Sri Lanka's economic development. The end of conflict opens a door for accelerated economic growth and poverty reduction. Reform is needed to regain momentum because fiscal imbalances and rising public debt could jeopardize macroeconomic stability. The economy would benefit from significant trade and commercial policy reform. The labor market suffers from sluggish growth of formal sector employment and from skills mismatches, which can be addressed by changes in education policy and systems. The book analyzes these and related critical constraints on the Sri Lankan economy, and proposes a set of policy reforms that would lay the foundations for more rapid and inclusive development.

The Impact of Remittances on Economic Activity: The Importance of Sectoral Linkages

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Author :
Publisher : International Monetary Fund
ISBN 13 : 1498324487
Total Pages : 37 pages
Book Rating : 4.4/5 (983 download)

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Book Synopsis The Impact of Remittances on Economic Activity: The Importance of Sectoral Linkages by : Hector Perez-Saiz

Download or read book The Impact of Remittances on Economic Activity: The Importance of Sectoral Linkages written by Hector Perez-Saiz and published by International Monetary Fund. This book was released on 2019-08-16 with total page 37 pages. Available in PDF, EPUB and Kindle. Book excerpt: We propose a simple macroeconomic model with input-output sectoral linkages based on Acemoglu et al. (2016) to quantify how changes in aggregate demand due to additional income from household’s remittances propagates through the network of input-output linkages in Sub-Saharan African countries. We first propose two network centrality measures to assess the role of some sectors as key input providers in the economy. Then, we use these measures to quantify the effect of sectoral linkages on sectoral and total output following an increase in remittances inflows. Our empirical results suggest that the effects of remittances on recipient economies increase with the degree of linkages across sectors, which is especially prominent in the case of the financial intermediation sector. Our paper contributes to the emerging macroeconomic literature on the propagation of shocks across sectors and the implications for the whole economy.