Migration and Remittances During the Global Financial Crisis and Beyond

Migration and Remittances During the Global Financial Crisis and Beyond
Title Migration and Remittances During the Global Financial Crisis and Beyond PDF eBook
Author Ibrahim Sirkeci
Publisher World Bank Publications
Pages 471
Release 2012-05-30
Genre Business & Economics
ISBN 0821388266

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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.

ILO Global Estimates on International Migrant Workers

ILO Global Estimates on International Migrant Workers
Title ILO Global Estimates on International Migrant Workers PDF eBook
Author Natalia Popova (Labor economist)
Publisher
Pages 0
Release 2018
Genre Emigration and immigration
ISBN 9789221326717

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If the right policies are in place, labour migration can help countries respond to shifts in labour supply and demand, stimulate innovation and sustainable development, and transfer and update skills. However, a lack of international standards regarding concepts, definitions and methodologies for measuring labour migration data still needs to be addressed. This report gives global and regional estimates, broken down by income group, gender and age. It also describes the data, sources and methodology used, as well as the corresponding limitations. The report seeks to contribute to the 2018 Global Compact for Safe, Orderly and Regular Migration and to achieving SDG targets 8.8 and 10.7

The Global Economic Crisis and Migration

The Global Economic Crisis and Migration
Title The Global Economic Crisis and Migration PDF eBook
Author Christof Roos
Publisher Routledge
Pages 257
Release 2018-10-18
Genre Social Science
ISBN 1351385135

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Offering an in-depth analysis of the impact of the economic crisis (2008–2012) on immigration movements and policies in the U.S. and Europe, the analysis in this book is guided by two key questions: What is the scope of change?; and did the crisis motivate this change or did other factors do so? The contributions to the book find that the crisis had immediate effects on migration patterns – migrants left crisis-stricken countries, naturalised in non-crisis countries where they had previously settled, or stopped migrating to formerly attractive countries which had been negatively affected by the crisis. Whereas prior to the crisis the majority of migrants were highly-skilled, during the crisis there was a shift to vulnerable groups such as low-skilled workers and women. The book also finds that migration policies have indeed changed in times of crisis. However, these changes are neither exclusively restrictions nor liberalisations, but encompass changes in both directions. Despite the coincidence of many policy changes with the crisis, these changes are not primarily induced by the crisis. Instead, politicians rhetorically used the crisis to promote both liberal and restrictive policy changes which were already in the making before the crisis. This book was originally published as a special issue of the Journal of Ethnic and Migration Studies.

Migration and Pandemics

Migration and Pandemics
Title Migration and Pandemics PDF eBook
Author Anna Triandafyllidou
Publisher Springer Nature
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.

Managing Labor Migration in the Twenty-First Century

Managing Labor Migration in the Twenty-First Century
Title Managing Labor Migration in the Twenty-First Century PDF eBook
Author Philip Martin
Publisher Yale University Press
Pages 240
Release 2008-10-01
Genre Business & Economics
ISBN 0300129963

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Why have ninety million workers around the globe left their homes for employment in other countries? What can be done to ensure that international labor migration is a force for global betterment? This groundbreaking book presents the most comprehensive analysis of the causes and effects of labor migration available, and it recommends sensible, sustainable migration policies that are fair to migrants and to the countries that open their doors to them. The authors survey recent trends in international migration for employment and demonstrate that the flow of authorized and illegal workers over borders presents a formidable challenge in countries and regions throughout the world. They note that not all migration is from undeveloped to developed countries and discuss the murky relations between immigration policies and politics. The book concludes with specific recommendations for justly managing the world’s growing migrant workforce.

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

Case Study on South-South Cooperation: PRC-ADB Knowledge-Sharing Platform
Title Case Study on South-South Cooperation: PRC-ADB Knowledge-Sharing Platform PDF eBook
Author Asian Development Bank
Publisher Asian Development Bank
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.

China And The Global Economic Crisis

China And The Global Economic Crisis
Title China And The Global Economic Crisis PDF eBook
Author Yongnian Zheng
Publisher World Scientific
Pages 309
Release 2010-02-22
Genre Political Science
ISBN 9814466638

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The current global financial turmoil, triggered by the US subprime crisis, has spread quickly and resulted in the worst global economic crisis since the 1930s. As the world's third largest economy and the second largest trading nation, China is inevitably affected seriously. How China responds to the crisis and how effective its measures are in sustaining a healthy growth will have important implications, both domestically and internationally.The chapters in this volume are divided into five sections. Section one examines the overall impact of the global economic crisis and the responses of the Chinese government. Section two studies the regional aspect of the economy affected by the crisis. Section three explores such economies of the Mainland's southern neighbors as Hong Kong, Macao and Taiwan, and the prospect of China's trade. Section four surveys the impact on the ideological and social aspects of the country. Section five concludes with an assessment of China's external policies. The volume offers a comprehensive and in-depth assessment of the impact of the crisis and the measures of the Chinese government to overcome the difficulties.