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Sri Lankas Migrant Labor Remittances
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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.
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.
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.
Book Synopsis Social Protection for Unskilled Migrant Workers in Sri Lanka by : Roshini Jayaweera
Download or read book Social Protection for Unskilled Migrant Workers in Sri Lanka written by Roshini Jayaweera and published by Springer Nature. This book was released on 2023-07-25 with total page 171 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book is about the social protection of lower-skilled migrants from Sri Lanka. It reasons out the importance of protecting Sri Lankan migrant workers considering the significant economic contribution of lower-skilled migrant workers and their higher level of exposure to risks at all stages of international migration: pre-departure, on the job, and after returnee reintegration. The book explores social protection programmes for low-skilled immigrants from three perspectives: legal aspects, national policies, and programmes. The chapter on legal background for protecting migrant workers focuses on declarations and on labour laws on the national and international level. Policies and programmes identify national level labour policies and other related policies that apply to migrant workers, as well as available social protection programmes for Sri Lankan migrant workers. In turn, the solutions for minimizing the related risks faced by Sri Lankan migrant workers. Highlighting the economic contribution of migrant workers and their vulnerability at all stages of migration, this book offers a timely and important contribution for policy makers and practitioners as well as scholars of migration studies, public policy and related fields.
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.
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.
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 2005 with total page 25 pages. Available in PDF, EPUB and Kindle. Book excerpt:
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.
Book Synopsis Labour Migration to the Middle East by : F. Eelens
Download or read book Labour Migration to the Middle East written by F. Eelens and published by Routledge. This book was released on 1992 with total page 274 pages. Available in PDF, EPUB and Kindle. Book excerpt: During the recent Gulf War, the extent of the migrant worker phenomenon in the Middle East was highlighted by the plight of tens of thousands of Asian and North African men and women fleeing from Kuwait and Iraq. The harrowing images and reports spreading across the world from the hastily constructed refugee camps demonstrated the vulnerability of the economic and social position of this floating labour force, whose living conditions are the subject of this wide-ranging study. The authors of Labour Migration to the Middle East have mainly based their work on labour migrants from Sri Lanka, which shows a number of interesting characteristics when compared to other labour-exporting countries. No less than 1.3% of the Sri Lankan population work in the Middle East, of which 70% are women working mainly in the domestic sector. Solid sociological and anthropological research is the basis for a detailed examination of various social, economic and demographic aspects of the processes of labour migration from Sri Lanka to the Gulf States. The book opens with an introduction to the topic of labour migration, and presents the concept of survival migration, which is considered a main characteristic of the Sri Lankan case. The work goes on to describe the recruiting process and the level of fees which migrants have to pay for a job abroad; the policy of the Gulf States with regard to labour migration; the socio-economic conditions of the Sri Lankan migrant workers; the socio-economic position and religious status of Sri Lankan Muslim women migrating to the Gulf; the impact of labour migration on Sri Lankan society--specifically on social stratification, social mobility, household structure, marriage stability and the well-being of children--and conditions which lead to the early return of migrants. Labour Migration to the Middle East makes an important contribution to the scientific and social reflection on the global phenomenon of labour migration.
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.
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.
Book Synopsis Rights, Remittances, and Reintegration by :
Download or read book Rights, Remittances, and Reintegration written by and published by . This book was released on 2011 with total page 168 pages. Available in PDF, EPUB and Kindle. Book excerpt: Contributed articles.
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.
Book Synopsis Middle East Avenue by : Grete Brochmann
Download or read book Middle East Avenue written by Grete Brochmann and published by Routledge. This book was released on 2019-03-13 with total page 159 pages. Available in PDF, EPUB and Kindle. Book excerpt: Contributing to the literature on labor migration from less developed countries to the Gulf states, Middle East Avenue focuses on the case of Sri Lanka's large-scale exportation of its poorest women to serve as housemaids in private Arab homes.
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.
Book Synopsis Migration and Remittances during the Global Financial Crisis and Beyond by : Ibrahim Sirkeci
Download or read book Migration and Remittances during the Global Financial Crisis and Beyond written by Ibrahim Sirkeci and published by World Bank Publications. This book was released on 2012-05-31 with total page 470 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
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.
