Publication: Global Economic Prospects 2006 : Economic Implications of Remittances and Migration
Date
2005-11
ISSN
Published
2005-11
Author(s)
World Bank
Abstract
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.
Citation
“World Bank. 2005. Global Economic Prospects 2006 : Economic Implications of Remittances and Migration. Global Economic Prospects. © Washington, DC: World Bank. http://hdl.handle.net/10986/7306 License: CC BY 3.0 IGO.”