The Impact Of Financial Crises On International Migration

Author : Khalid Koser
Publisher :
ISBN 13 :
Total Pages : 46 pages
Book Rating : 4.63/5 ( download)

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Download or read book The Impact of Financial Crises on International Migration written by Khalid Koser and published by . This book was released on 2012 with total page 46 pages. Available in PDF, EPUB and Kindle. Book excerpt: The current global economic crisis is impacting migration patterns and processes around the world. A reduction in migration flows globally has been reported. Migrant workers are laid off, and while some return home, others stay. How to respond to these migration impacts poses challenges for policymakers in both countries of origin and destination. Against this background, this Report considers the lessons for migration policy to be learned from the major financial crises of the 20h century, namely the Great Depression (1930s), the oil crisis (1973), the Asian financial crisis (1997-1999), the financial crisis in Russia (1998), and the Latin American financial crisis (1998-2002). As the impact of previous crises on migrants and migration has been uneven and unequal across countries and regions, depending on a range of factors, this Report draws out the wider lessons for policy that can be learned from previous responses to economic crises.

Author : Ibrahim Sirkeci
Publisher : World Bank Publications
ISBN 13 : 0821388266
Total Pages : 471 pages
Book Rating : 4.66/5 ( download)

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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 2012-05-30 with total page 471 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.

Author :
Publisher :
ISBN 13 :
Total Pages : 43 pages
Book Rating : 4.77/5 ( download)

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Download or read book Responding to the Impact of the Global Financial Crisis on International Migration written by and published by . This book was released on 2009 with total page 43 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Author : Christof Roos
Publisher : Routledge
ISBN 13 : 1351385135
Total Pages : 253 pages
Book Rating : 4.38/5 ( download)

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Download or read book The Global Economic Crisis and Migration written by Christof Roos and published by Routledge. This book was released on 2018-10-18 with total page 253 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

Author : OECD
Publisher : OECD Publishing
ISBN 13 : 9164180328
Total Pages : 242 pages
Book Rating : 4.22/5 ( download)

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Download or read book Labour Migration and the Recent Financial Crisis in Asia written by OECD and published by OECD Publishing. This book was released on 2000-01-20 with total page 242 pages. Available in PDF, EPUB and Kindle. Book excerpt: This series of reports identifies the impact of the Asian financial crisis on labour migration and the conditions of migrant workers in the region.

Author : María Aysa-Lastra
Publisher : Springer
ISBN 13 : 3319147978
Total Pages : 277 pages
Book Rating : 4.70/5 ( download)

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Download or read book Immigrant Vulnerability and Resilience written by María Aysa-Lastra and published by Springer. This book was released on 2015-03-31 with total page 277 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book explores how the current sustained economic slow-down in North America and Europe has increased immigrant vulnerability in the labor market and in their daily lives. It details the ways this global recession has affected the immigrants themselves, their identities, as well as their countries of origin. The book presents an interdisciplinary dialogue as well as offer a transatlantic comparative perspective. It first focuses on the immediate effects of the Great Recession on immigrants’ employment. Next, it connects the experience of immigrants in the labor market with their experiences in the social arena in receiving societies. Coverage also explores the effects of the economic downturn on transnational practices, remittances and return of Latin American migrants to their countries of origin. This volume will be of great interest to faculty and graduate students who are interested in international migration studies from the fields of sociology, economics, anthropology, geography, political sciences, and other social sciences. It will also be of interest to professionals and policy makers working on international migration policy and the general public interested on the topic.

Author : Sanket Mohapatra
Publisher :
ISBN 13 :
Total Pages : pages
Book Rating : 4.86/5 ( download)

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Download or read book Impact of the Global Financial Crisis on Migration and Remittances written by Sanket Mohapatra and published by . This book was released on 2012 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: Remittances to developing countries are estimated to have declined by 6.1 percent in 2009 as a result of weak job markets in major destination countries. Although new migration has fallen, it is still positive. The stock of international migrants, therefore, has continued to grow and remittances have remained resilient. Going forward, remittance flows to Latin America are expected to recover, whereas those to East Asia and South Asia are likely to slow. Policy responses should involve efforts to facilitate migration and remittances to make these flows cheaper, safer, and more productive for both the sending and the receiving countries.

Author : Asian Development Bank
Publisher : Asian Development Bank
ISBN 13 : 9292540602
Total Pages : 276 pages
Book Rating : 4.09/5 ( download)

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Download or read book Impact of Global Crisis on Migrant Workers and Families written by Asian Development Bank and published by Asian Development Bank. This book was released on 2013-04-01 with total page 276 pages. Available in PDF, EPUB and Kindle. Book excerpt: This publication examines the impact of the crisis among migrant workers and their families---with gender perspective---to provide useful information for better evidence-based policy making. Based on household surveys in Indonesia and the Philippines, the results show that women are in worse condition and are more vulnerable than men. Women migrants still have lower education and skills, reflected in their inferior jobs. They face greater difficulties in reintegration when they return, forcing them to return abroad. Women also bear a heavier burden due to their gendered role in the family, and those who stay are more often unemployed or in vulnerable employment. Moreover, despite strong views that the man should be the breadwinner and the one going abroad, the increasing feminization of current migration indicates that necessity is a strong push factor forcing more women to go abroad. These findings further strengthen the call for considering gender in migration policies.

Author :
Publisher : World Bank Publications
ISBN 13 : 082136345X
Total Pages : 182 pages
Book Rating : 4.54/5 ( download)

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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.

Author : Mr.Bjoern Rother
Publisher : International Monetary Fund
ISBN 13 : 1475535783
Total Pages : 43 pages
Book Rating : 4.85/5 ( download)

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Download or read book The Economic Impact of Conflicts and the Refugee Crisis in the Middle East and North Africa written by Mr.Bjoern Rother and published by International Monetary Fund. This book was released on 2016-09-16 with total page 43 pages. Available in PDF, EPUB and Kindle. Book excerpt: In recent decades, the Middle East and North Africa region (MENA) has experienced more frequent and severe conflicts than in any other region of the world, exacting a devastating human toll. The region now faces unprecedented challenges, including the emergence of violent non-state actors, significant destruction, and a refugee crisis bigger than any since World War II. This paper raises awareness of the economic costs of conflicts on the countries directly involved and on their neighbors. It argues that appropriate macroeconomic policies can help mitigate the impact of conflicts in the short term, and that fostering higher and more inclusive growth can help address some of the root causes of conflicts over the long term. The paper also highlights the crucial role of external partners, including the IMF, in helping MENA countries tackle these challenges.