Get Migrant Labor Remittances in South Asia (Directions in PDF

By Samuel Munzele Maimbo

ISBN-10: 082136183X

ISBN-13: 9780821361832

ISBN-10: 0821361848

ISBN-13: 9780821361849

In line with a up to date global financial institution examine of remittances, Bangladesh, India, Pakistan and Sri Lanka are all one of the most sensible 20 receivers of remittances, with predicted receipts of US$3.2 billion, US$8.4 billion and U.S$ 1.5 billion respectively. Migrant hard work Remittances in South Asia identifies and discusses the most important concerns affecting the remittance in South Asia. It examines the improvement and implementation of guidelines, techniques, and infrastructure to foster a development-oriented move of economic assets among migrants in constructed economies and their households within the quarter. instead of reproduction past remittances paintings, this name basically specializes in the region?¦s distinguishing features, particularly: * a wide migrant inhabitants of semi-skilled and unskilled employees principally targeted within the Arabian Gulf international locations, quite Saudi Arabia and the United Arab Emirates. * The presence of committed public associations and executive monetary incentives aimed toward facilitating and offering incentives for transitority migration and remittance inflows * The life of enormous nation financial institution department networks with sizeable power for a more beneficial and effective remittance monetary industry. * The frequent utilization of exchange comparable casual remittance channels via either criminal and unlawful migrants. The ebook is meant for policymakers who legislate and keep watch over the monetary zone, in addition to for researchers and companies of remittance prone.

Show description

Read Online or Download Migrant Labor Remittances in South Asia (Directions in Development) PDF

Best banks & banking books

New PDF release: The World of Private Banking (Studies in Banking and

This can be a complete and authoritative account of the historical past of personal banking, starting with its improvement together with the realm markets served by way of and focused on a couple of ecu towns, significantly Amsterdam and London. those banks have been often partnerships, a kind of association which continued because the function of non-public banking replaced in line with the political and monetary differences of the past due 18th and early nineteenth centuries.

Daniel Tarullo's Banking on Basel: The Future of International Financial PDF

The turmoil in monetary markets that resulted from the 2007 subprime loan quandary within the usa shows the necessity to dramatically rework legislation and supervision of economic associations. might those associations were sounder if the 2004 Revised Framework on foreign Convergence of Capital size and Capital criteria (Basel II accord) negotiated among 1999 and 2004 had already been absolutely applied?

Download e-book for kindle: America's money machine: The story of the Federal Reserve by Elgin Groseclose

Elgin Groseclose, an eminent financial economist within the twentieth century, rips the roof off the Federal Reserve during this tremendous heritage, aptly titled America's cash desktop. Taking us from the Fed's founding to the Nineteen Sixties, Groseclose exhibits that the distance among the promise and the truth is shockingly mammoth, lots in order that the Federal Reserve needs to be certainly one of the best disasters within the background of public coverage.

Extra resources for Migrant Labor Remittances in South Asia (Directions in Development)

Example text

One of the most important incentives for NRIs to invest in India is the ability to move capital freely between their two homes without undue bureaucratic constraints. 2). In this regard, the government has sought to be accommodating. ”5 Despite the annual cap of US$25,000 on free outward remittances, this is the first time that a resident need not specify the underlying purpose of the foreign exchange transaction. Previously, capital convertibility existed only for NRIs. Full convertibility is expected to take years and may depend on whether India can achieve lower fiscal deficits and manage inflation, among other conditions.

Sensing a growing market for remittances to South Asia, several banks have introduced remittance services and started aggressive marketing programs. Foreign Commercial Banks Foreign banks in Bangladesh, India, Pakistan, and Sri Lanka are newcomers to the remittance business. Where they are involved, they have tended to focus on skilled migrants—doctors, accountants, lawyers, and other professionals—mainly account holders who have migrated. They are not known to offer competitively priced services to walk-in clients.

Recruiting agencies search out new areas and 24 MIGRANT LABOR REMITTANCES IN SOUTH ASIA avenues for deployment of Indian workers abroad. 3 A foreign employer may recruit any Indian citizen for employment abroad either through a recruitment agent authorized under the act to perform such recruitment, or directly in accordance with a valid permit issued by the government. Indian workers are also deployed by Indian firms on project sites abroad. The recruitment agent is authorized to collect service charges from each worker, as fixed by the government.

Download PDF sample

Migrant Labor Remittances in South Asia (Directions in Development) by Samuel Munzele Maimbo


by Jeff
4.3

Rated 4.27 of 5 – based on 14 votes