Sunday, January 22, 2017

Baseline Study on Davao City\'s Remittances

I. Rationale\nThis paper provides cropal data regarding migrant workers in Davao City, the nature of their jobs and tenure, the amount of their remittances per year and the change these excite exerted in saving, spending and investment behaviors. The research draws attention to the contribution of migrants to the sparing of Davao City and explores issues related to remittances and economical behavior. Through this paper, we would like to essay the gaps between remittances and financial investments among Davao migrants.\n\nII. trigger\nInternational working class migration is outlined as the movement of tidy sum from one country to another(prenominal) for the purpose of profession. Labor mobility has croak a distinct arrogate of globalization and the global thriftiness with migrant workers earning US$ 440 one thousand thousand in 2011, and the World depository financial institution estimating that more than $350 billion of it was communicate to developing countries i n forms of remittances (International organic law for Migration, para. 1). \nLabor migration has extensive position for the migrants, their communities, the countries of origin and destination, and also for the employers. A growing number of charge countries view international grasp migration as an integral vocalism of their national development and employment strategies. Countries of origin benefit from labor migration because it relieves unemployment pressures and contributes to development through remittances, companionship transfer, and the creation of business and tidy sum networks.\nIn developing countries, remittances have become an enduring share of the countrys growth. It plays a key role as a source of international finance. Remittances are a form of aid that migrant workers send back to their families, in enunciate to support the needs of the family. In about 25% of developing countries, remittances are larger than earthly concern and private capital flows hav e (International Monetary Fund, 2009).The reason wherefore remittances are so all-important(prenominal) is due...

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