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
Development Management
Development Planning
Development Strategies
Development strategy
Development models
Economic development
New technology
Rural planning
Aid coordination
Industrial projects
Infrastructure projects
Natural resources policy
Educational development
Economic development projects
Economic forecasting
Economic development projects
Municipal government
Technology transfer
Exchanges of patents and technical information
Technical education
Technology tCommunication in rural development
Communication in community development
Economic development projects
Development banks
Economic forecasting
Environmental auditing
Cumulative effects assessment
Human rights and globalizationransfer
Technocracy
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