Arab Today, arab today more expats means more cash sent to developing countries
Last Updated : GMT 11:06:47
Arab Today, arab today
Arab Today, arab today

More expats means more cash sent to developing countries

Arab Today, arab today

Arab Today, arab today More expats means more cash sent to developing countries

London - Arab Today

Never before have so many people lived and laboured outside the borders of their homelands than do today in our intensely globalised world. Nor has so much money flowed from migrant diasporas to their loved ones back home: over $534 billion (almost Dh2 trillion) in 2012 alone, according to the World Bank. In developing nations, remittances are crucial assets, tallying over three times the amount provided by official development assistance. In distraught countries such as Haiti, Lesotho, Samoa, and Moldova, remittances constitute between a fifth and - in the case of Tajikistan - nearly half of their GDPs. Remittance totals are growing fast in the Mena region, with Egypt, Lebanon, Morocco, Jordan and Tunisia out in front. These monies contribute mightily to balancing lopsided current accounts and stimulating domestic demand, to say nothing about keeping families out of poverty\'s reach. The way that transnational workers and their earnings are thought about has come a long way since the days when threadbare gastarbeiter from Italy, Greece, and Spain flocked to northern Europe to man the assembly lines in the booming postwar factories. Europe\'s guest workers were considered temporary manual labourers who\'d work the low-paid jobs that the Germans didn\'t want to - and then return home. What they did with their Deutschmarks didn\'t concern anybody but them. For the most part, the funds they sent back went towards the basics: food, health care, and bricks and mortar for new houses. Then came the white goods, used cars, and satellite televisions. But this leap forward in terms of living standard barely dented the structures that had kept the \"sending-regions\" trapped in poverty for generations. \"Modernisation without development\" was the catchphrase that experts devised for the phenomenon of regions so addicted to the remittances from overseas workers that they stop trying to better their situations on their own. Generation after generation of brain drain bled the best and brightest from these places, leaving the grandparents and children behind in the new houses. The past decade or so has witnessed a veritable revolution in globalised labour flows, as well as a new academic science that seeks to explain their impact and help leverage their benefit for everyone involved. As it turns out, the transnational toing and froing of émigré workers has broad repercussions not only for the economy, but for migrant-sending and receiving societies, politics at home and abroad, and even international affairs. Indeed, most of the gastarbeiter never went home, and countries such as Germany will forever look different because of it. The three million people in Germany with a Turkish background, for example, are a factor in Frau Merkel\'s deliberations over education, gender, family and other social policies, as well as in Germany\'s relations with Turkey and the EU. Increasingly, they vote, too. One person at the forefront of the academic investigations into migrations and remittances is Manuel Orozco, the author of Migrant Remittances and Development in the Global Economy. Orozco is a Mexican sociologist who has crisscrossed the globe researching transnationalism\'s peculiarities from Albania to Nigeria, and from the Caucasus to the Philippines. He is considered an expert on the topic, and no study is complete without addressing his many assumptions and prolific findings. Fortunately though, Migrant Remittances is not a dense, scholarly book, but a primer for those new to the topic. Orozco brings readers up to date on the field and imparts some wise words about the way forward.  

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today more expats means more cash sent to developing countries Arab Today, arab today more expats means more cash sent to developing countries

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today more expats means more cash sent to developing countries Arab Today, arab today more expats means more cash sent to developing countries

 



Arab Today, arab today
Arab Today, arab today Designer Aql Faqih aspires to innovation

GMT 18:41 2017 Friday ,20 October

Designer Aql Faqih aspires to innovation
Arab Today, arab today Barcelona through George Orwell’s eyes

GMT 13:44 2017 Friday ,20 October

Barcelona through George Orwell’s eyes
Arab Today, arab today Etiquette expert underlines importance of gifts

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts
Arab Today, arab today Residents get glimpse of Raqa in ruins

GMT 07:10 2017 Saturday ,21 October

Residents get glimpse of Raqa in ruins
Arab Today, arab today Hiring not part of Alibaba pledge

GMT 11:26 2017 Wednesday ,18 October

Hiring not part of Alibaba pledge
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today World's deepest lake in peril

GMT 15:54 2017 Friday ,20 October

World's deepest lake in peril
Arab Today, arab today Ex-French minister Dati wants tough action

GMT 10:54 2017 Thursday ,19 October

Ex-French minister Dati wants tough action
Arab Today, arab today Delhi braces for pollution 'airpocalypse'

GMT 16:07 2017 Friday ,20 October

Delhi braces for pollution 'airpocalypse'
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today EU raids automaker BMW

GMT 11:06 2017 Saturday ,21 October

EU raids automaker BMW
Arab Today, arab today Sweden to get biggest car factory

GMT 14:10 2017 Friday ,20 October

Sweden to get biggest car factory
Arab Today, arab today Actress Mona Zaki praises husband’s role

GMT 08:15 2017 Thursday ,19 October

Actress Mona Zaki praises husband’s role
Arab Today, arab today Massacre fears spark race

GMT 19:09 2017 Thursday ,19 October

Massacre fears spark race

GMT 08:57 2017 Wednesday ,18 October

Actress Shery Adel happy for Egypt’s qualification

GMT 18:15 2017 Monday ,16 October

British actress becomes fifth woman

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam

GMT 16:00 2017 Wednesday ,18 October

Climate-disrupting volcanoes helped topple

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 09:56 2017 Friday ,20 October

Privacy Groups Warn of Perils

GMT 06:49 2017 Tuesday ,17 October

EasyJet, Lufthansa among seven to bid

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 20:46 2017 Thursday ,19 October

Qualcomm files lawsuits in China to ban iPhones

GMT 16:53 2017 Saturday ,02 September

Mai importance of gifts during Eid Al-Adha
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday