Sri Lanka's Remittance Economy

Sri Lanka's Remittance Economy
Author: Matt Withers
Publisher: Routledge
Total Pages: 0
Release: 2022-08
Genre: Economic development
ISBN: 9781032401508

This book demonstrates how cumulatively causal processes at structural, institutional and agency levels have forged a precariously remittance-dependent economy in Sri Lanka.

Sri Lanka’s Remittance Economy

Sri Lanka’s Remittance Economy
Author: Matt Withers
Publisher: Routledge
Total Pages: 202
Release: 2019-05-16
Genre: Social Science
ISBN: 0429843054

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.

Global Economic Prospects 2006

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

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.

Migration and Remittances Factbook 2016

Migration and Remittances Factbook 2016
Author: Dilip Ratha
Publisher: World Bank Publications
Total Pages: 299
Release: 2016-04-08
Genre: Business & Economics
ISBN: 146480320X

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.

Harnessing Digitization for Remittances in Asia and the Pacific

Harnessing Digitization for Remittances in Asia and the Pacific
Author: Asian Development Bank
Publisher: Asian Development Bank
Total Pages: 74
Release: 2021-07-01
Genre: Business & Economics
ISBN: 9292629638

Remittances are considered a lifeline of developing countries and are especially vital for migrants and their families. Digital data technology can help alleviate many of the “pain-points” in the remittances industry. For example, it can significantly enhance the convenience, speed, security, and affordability of sending and receiving remittances. This report discusses the importance of remittances in Asia and the Pacific, the key challenges faced by the industry, and the impacts of the coronavirus disease (COVID-19 pandemic. It also includes country case studies that demonstrate the benefits of digitization and makes recommendations on how the digitization of remittances across the region can be further advanced.

Remittance Markets in Africa

Remittance Markets in Africa
Author: Sanket Mohapatra
Publisher: World Bank Publications
Total Pages: 380
Release: 2011-01-01
Genre: Social Science
ISBN: 0821385534

Remittances sent by African migrants have become an important source of external finance for countries in the Sub-Saharan African region. In many African countries, these flows are larger than foreign direct investment and portfolio debt and equity flows. In some cases, they are similar in size to official aid from multilateral and bilateral donors. Remittance markets in Africa, however, remain less developed than other regions. The share of informal or unrecorded remittances is among the highest for Sub-Saharan African countries. Remittance costs tend to be significantly higher in Africa both for sending remittances from outside the region and for within-Africa (South-South) remittance corridors. At the same time, the remittance landscape in Africa is rapidly changing with the introduction of new remittance technologies, in particular mobile money transfers and branchless banking. This book presents findings of surveys of remittance service providers conducted in eight Sub-Saharan African countries and in three key destination countries. It looks at issues relating to costs, competition, innovation and regulation, and discusses policy options for leveraging remittances for development in Africa.

Legal Passing

Legal Passing
Author: Angela S. García
Publisher: University of California Press
Total Pages: 280
Release: 2019-05-14
Genre: Social Science
ISBN: 0520296753

Legal Passing offers a nuanced look at how the lives of undocumented Mexicans in the US are constantly shaped by federal, state, and local immigration laws. Angela S. García compares restrictive and accommodating immigration measures in various cities and states to show that place-based inclusion and exclusion unfold in seemingly contradictory ways. Instead of fleeing restrictive localities, undocumented Mexicans react by presenting themselves as “legal,” masking the stigma of illegality to avoid local police and federal immigration enforcement. Restrictive laws coerce assimilation, because as legal passing becomes habitual and embodied, immigrants distance themselves from their ethnic and cultural identities. In accommodating destinations, undocumented Mexicans experience a localized sense of stability and membership that is simultaneously undercut by the threat of federal immigration enforcement and complex street-level tensions with local police. Combining social theory on immigration and race as well as place and law, Legal Passing uncovers the everyday failures and long-term human consequences of contemporary immigration laws in the US.

Remittances

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

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.

Social Protection for Unskilled Migrant Workers in Sri Lanka

Social Protection for Unskilled Migrant Workers in Sri Lanka
Author: Roshini Jayaweera
Publisher: Springer Nature
Total Pages: 171
Release: 2023-07-25
Genre: Political Science
ISBN: 3031334760

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.