Worker Migration and Remittances in South Asia
Ozaki, Mayumi | May 2012
Abstract
Every year South Asian countries send out a significant number of migrant workers, resulting in remittances becoming an important source of funds for economic development. However, despite its huge potential to contribute to economic growth, South Asian countries have not yet fully maximized benefits from remittances because of their limited financial sector development and financial inclusion, and because a substantial portion of remittances to the region are channeled informally. Concerted efforts by the governments, regulators, and financial sectors are required in addressing legal and policy constraints, improving formal financial systems, and enhancing customer education to expand formal remittance markets and achieve financial inclusion.
Citation
Ozaki, Mayumi. 2012. Worker Migration and Remittances in South Asia. © Asian Development Bank. http://hdl.handle.net/11540/1383. License: CC BY 3.0 IGO.Keywords
Development In East Asia
Development Planning
Development Research
Technology Development
Aid And Development
Asian Development Bank
Comprehensive Development Framework
Development Cooperation
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