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Global economic prospects 2006 : economic implications of remittances and migration (English)

The themes of the 2006 Global Economic Prospects (GEP) are international remittances and migration, their economic consequences, and how policies can increase their role in reducing poverty. The GEP explores the gains and losses from international migration from the perspective of developing countries, with special attention to the money that migrants send home. The report also considers policy initiatives that could improve the developmental impact of migration, with particular attention to remittances. The first chapter reviews recent developments in and prospects for the global economy and their implications for developing countries. Chapter 2 uses a model-based simulation to evaluate the potential global welfare gains and distributional impact from an increase in high-income countries' labor force caused by migration from developing countries. Chapter 3 surveys the economic literature on the benefits and costs of migration for migrants and their countries of origin. Chapter 4 investigates the size of remittance flows to developing countries, the use of formal and informal channels, the role of government policies in improving the development impact of remittances, and, their macroeconomic impact. Chapter 5 addresses the impact of remittances at the household level. The last chapter investigates policy measures that could lower the cost of remittance transactions for poor households and measures to strengthen the financial infrastructure supporting remittances.

Details

  • Document Date

    2005/11/01

  • Document Type

    Publication

  • Report Number

    34320

  • Volume No

    1

  • Total Volume(s)

    1

  • Country

    World,

  • Region

    The World Region,

  • Disclosure Date

    2010/07/01

  • Disclosure Status

    Disclosed

  • Doc Name

    Global economic prospects 2006 : economic implications of remittances and migration

  • Keywords

    investment corporation;path of long-term interest rate;high oil price;magnetic ink character recognition;millennium development goal;Acquired Immune Deficiency Syndrome;impact of policy change;access to financial service;poverty in developing country;high costs of migration;access to labor market;impact of remittance;data on remittance;current account deficit;remittance service provider;labor market pressures;country of origin;economies of scale;balance of payment;drag on growth;purchasing power parity;cost of remittance;impact on migrants;negative supply shock;commodity price change;consumer price index;crude oil price;decline in remittance;highly skilled personnel;change in behavior;range of currency;barrels per day;private capital flow;financing of terrorism;foreign central bank;risks of exploitation;higher fuel price;access of poor;formal financial service;access to capital;education and health;public sector institution;number of immigrants;interest rate scenario;interest rate differential;collection of remittance;barriers to remittance;movement of people;movement of population;factor of production;contribution of remittance;poverty headcount rate;Special Purpose Vehicle;determinants of remittance;remittance on poverty;agreement on textiles;country of destination;data on migration;domestic capacity constraint;movement of good;Human Immunodeficiency Virus;remittances from migrant;foreign direct investment;country credit rating;dual exchange rate;crude oil supply;gains and losses;impact of immigration;international remittance system;prices for service;competition among provider;Capital Investments;loose monetary policy;household consumption smoothing;availability of labor;returns to capital;cost of production;foreign exchange spread;global trade discussion;temporary migration program;rapid export growth;market exchange rate;transfer of knowledge;flow of fund;labor market condition;cost of migration;incidence of poverty;incentives for return;increase in remittance;

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Citation

Global economic prospects 2006 : economic implications of remittances and migration (English). Global Economic Prospects Washington, D.C. : World Bank Group. http://documents.worldbank.org/curated/en/507301468142196936/Global-economic-prospects-2006-economic-implications-of-remittances-and-migration