Download or read book The Impact of Financial Crises on International Migration written by Khalid Koser and published by . This book was released on 2012 with total page 46 pages. Available in PDF, EPUB and Kindle. Book excerpt: The current global economic crisis is impacting migration patterns and processes around the world. A reduction in migration flows globally has been reported. Migrant workers are laid off, and while some return home, others stay. How to respond to these migration impacts poses challenges for policymakers in both countries of origin and destination. Against this background, this Report considers the lessons for migration policy to be learned from the major financial crises of the 20h century, namely the Great Depression (1930s), the oil crisis (1973), the Asian financial crisis (1997-1999), the financial crisis in Russia (1998), and the Latin American financial crisis (1998-2002). As the impact of previous crises on migrants and migration has been uneven and unequal across countries and regions, depending on a range of factors, this Report draws out the wider lessons for policy that can be learned from previous responses to economic crises.

Download or read book Migration and Remittances During the Global Financial Crisis and Beyond written by Ibrahim Sirkeci and published by World Bank Publications. This book was released on 2012-05-30 with total page 471 pages. Available in PDF, EPUB and Kindle. Book excerpt: During the 2008 financial crisis, the possible changes in remittance-sending behavior and potential avenues to alleviate a probable decline in remittance flows became concerns. This book brings together a wide array of studies from around the world focusing on the recent trends in remittance flows. The authors have gathered a select group of researchers from academic, practitioner and policy making bodies. Thus the book can be seen as a conversation between the different stakeholders involved in or affected by remittance flows globally. The book is a first-of-its-kind attempt to analyze the effects of an ongoing crisis on remittance flows globally. Data analyzed by the book reveals three trends. First, The more diversified the destinations and the labour markets for migrants the more resilient are the remittances sent by migrants. Second, the lower the barriers to labor mobility, the stronger the link between remittances and economic cycles in that corridor. And third, as remittances proved to be relatively resilient in comparison to private capital flows, many remittance-dependent countries became even more dependent on remittance inflows for meeting external financing needs. There are several reasons for migration and remittances to be relatively resilient to the crisis. First, remittances are sent by the stock (cumulative flows) of migrants, not only by the recent arrivals (in fact, recent arrivals often do not remit as regularly as they must establish themselves in their new homes). Second, contrary to expectations, return migration did not take place as expected even as the financial crisis reduced employment opportunities in the US and Europe. Third, in addition to the persistence of migrant stocks that lent persistence to remittance flows, existing migrants often absorbed income shocks and continued to send money home. Fourth, if some migrants did return or had the intention to return, they tended to take their savings back to their country of origin. Finally, exchange rate movements during the crisis caused unexpected changes in remittance behavior: as local currencies of many remittance recipient countries depreciated sharply against the US dollar, they produced a “sale” effect on remittance behavior of migrants in the US and other destination countries.

Download or read book The Global Economic Crisis and Migration written by Christof Roos and published by Routledge. This book was released on 2018-10-18 with total page 253 pages. Available in PDF, EPUB and Kindle. Book excerpt: Offering an in-depth analysis of the impact of the economic crisis (2008–2012) on immigration movements and policies in the U.S. and Europe, the analysis in this book is guided by two key questions: What is the scope of change?; and did the crisis motivate this change or did other factors do so? The contributions to the book find that the crisis had immediate effects on migration patterns – migrants left crisis-stricken countries, naturalised in non-crisis countries where they had previously settled, or stopped migrating to formerly attractive countries which had been negatively affected by the crisis. Whereas prior to the crisis the majority of migrants were highly-skilled, during the crisis there was a shift to vulnerable groups such as low-skilled workers and women. The book also finds that migration policies have indeed changed in times of crisis. However, these changes are neither exclusively restrictions nor liberalisations, but encompass changes in both directions. Despite the coincidence of many policy changes with the crisis, these changes are not primarily induced by the crisis. Instead, politicians rhetorically used the crisis to promote both liberal and restrictive policy changes which were already in the making before the crisis. This book was originally published as a special issue of the Journal of Ethnic and Migration Studies.

Download or read book Labour Migration and the Recent Financial Crisis in Asia written by OECD and published by OECD Publishing. This book was released on 2000-01-20 with total page 242 pages. Available in PDF, EPUB and Kindle. Book excerpt: This series of reports identifies the impact of the Asian financial crisis on labour migration and the conditions of migrant workers in the region.

Download or read book Immigrant Vulnerability and Resilience written by María Aysa-Lastra and published by Springer. This book was released on 2015-03-31 with total page 277 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book explores how the current sustained economic slow-down in North America and Europe has increased immigrant vulnerability in the labor market and in their daily lives. It details the ways this global recession has affected the immigrants themselves, their identities, as well as their countries of origin. The book presents an interdisciplinary dialogue as well as offer a transatlantic comparative perspective. It first focuses on the immediate effects of the Great Recession on immigrants’ employment. Next, it connects the experience of immigrants in the labor market with their experiences in the social arena in receiving societies. Coverage also explores the effects of the economic downturn on transnational practices, remittances and return of Latin American migrants to their countries of origin. This volume will be of great interest to faculty and graduate students who are interested in international migration studies from the fields of sociology, economics, anthropology, geography, political sciences, and other social sciences. It will also be of interest to professionals and policy makers working on international migration policy and the general public interested on the topic.

Download or read book International Macroeconomics in the Wake of the Global Financial Crisis written by Laurent Ferrara and published by Springer. This book was released on 2018-06-13 with total page 298 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book collects selected articles addressing several currently debated issues in the field of international macroeconomics. They focus on the role of the central banks in the debate on how to come to terms with the long-term decline in productivity growth, insufficient aggregate demand, high economic uncertainty and growing inequalities following the global financial crisis. Central banks are of considerable importance in this debate since understanding the sluggishness of the recovery process as well as its implications for the natural interest rate are key to assessing output gaps and the monetary policy stance. The authors argue that a more dynamic domestic and external aggregate demand helps to raise the inflation rate, easing the constraint deriving from the zero lower bound and allowing monetary policy to depart from its current ultra-accommodative position. Beyond macroeconomic factors, the book also discusses a supportive financial environment as a precondition for the rebound of global economic activity, stressing that understanding capital flows is a prerequisite for economic-policy decisions.

Download or read book The Economic Impact of Conflicts and the Refugee Crisis in the Middle East and North Africa written by Mr.Bjoern Rother and published by International Monetary Fund. This book was released on 2016-09-16 with total page 43 pages. Available in PDF, EPUB and Kindle. Book excerpt: In recent decades, the Middle East and North Africa region (MENA) has experienced more frequent and severe conflicts than in any other region of the world, exacting a devastating human toll. The region now faces unprecedented challenges, including the emergence of violent non-state actors, significant destruction, and a refugee crisis bigger than any since World War II. This paper raises awareness of the economic costs of conflicts on the countries directly involved and on their neighbors. It argues that appropriate macroeconomic policies can help mitigate the impact of conflicts in the short term, and that fostering higher and more inclusive growth can help address some of the root causes of conflicts over the long term. The paper also highlights the crucial role of external partners, including the IMF, in helping MENA countries tackle these challenges.

Download or read book Global Economic Prospects 2006 written by and published by World Bank Publications. This book was released on with total page 182 pages. Available in PDF, EPUB and Kindle. Book excerpt: International migration, the movement of people across international boundaries to improve economic opportunity, has enormous implications for growth and welfare in both origin and destination countries. An important benefit to developing countries is the receipt of remittances or transfers from income earned by overseas emigrants. Official data show that development countries' remittance receipts totaled 160 billion in 2004, more than twice the size of official aid. This year's edition of Global Economic Prospects focuses on remittances and migration. The bulk of the book covers remittances.

Download or read book International Migration in the Age of Crisis and Globalization written by Andrés Solimano and published by Cambridge University Press. This book was released on 2010-07-05 with total page 240 pages. Available in PDF, EPUB and Kindle. Book excerpt: The international mobility of people and elites is a main feature of the global economy of today. Immigration augments the labor force in receiving countries and provides many of the bodies and minds that are essential to any vibrant economy. This book is based on a blend of theory, varied country examples, and rich historical material ranging from the mid-nineteenth century to the early twenty-first century. It discusses the conceptual underpinnings of the push and pull factors of current migration waves and their impacts for development on the source and receiving countries. The analysis reviews the historical context under which various migration experiences have taken place - both in periods of internationalism and nationalism - in order to contribute to debates on the desirability of and tensions and costs involved in the current process of international migration.

Download or read book Impact of Global Crisis on Migrant Workers and Families written by Asian Development Bank and published by Asian Development Bank. This book was released on 2013-04-01 with total page 276 pages. Available in PDF, EPUB and Kindle. Book excerpt: This publication examines the impact of the crisis among migrant workers and their families---with gender perspective---to provide useful information for better evidence-based policy making. Based on household surveys in Indonesia and the Philippines, the results show that women are in worse condition and are more vulnerable than men. Women migrants still have lower education and skills, reflected in their inferior jobs. They face greater difficulties in reintegration when they return, forcing them to return abroad. Women also bear a heavier burden due to their gendered role in the family, and those who stay are more often unemployed or in vulnerable employment. Moreover, despite strong views that the man should be the breadwinner and the one going abroad, the increasing feminization of current migration indicates that necessity is a strong push factor forcing more women to go abroad. These findings further strengthen the call for considering gender in migration policies.

Download or read book The Global Economic Crisis and Migration written by Christof Roos and published by . This book was released on 2019 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: "Offering an in-depth analysis of the impact of the economic crisis (2008–2012) on immigration movements and policies in the U.S. and Europe, the analysis in this book is guided by two key questions: What is the scope of change?; and did the crisis motivate this change or did other factors do so? The contributions to the book find that the crisis had immediate effects on migration patterns – migrants left crisis-stricken countries, naturalised in non-crisis countries where they had previously settled, or stopped migrating to formerly attractive countries which had been negatively affected by the crisis. Whereas prior to the crisis the majority of migrants were highly-skilled, during the crisis there was a shift to vulnerable groups such as low-skilled workers and women. The book also finds that migration policies have indeed changed in times of crisis. However, these changes are neither exclusively restrictions nor liberalisations, but encompass changes in both directions. Despite the coincidence of many policy changes with the crisis, these changes are not primarily induced by the crisis. Instead, politicians rhetorically used the crisis to promote both liberal and restrictive policy changes which were already in the making before the crisis. This book was originally published as a special issue of the Journal of Ethnic and Migration Studies. "--Provided by publisher.

Download or read book Case Study on South South Cooperation PRC ADB Knowledge Sharing Platform written by Asian Development Bank and published by Asian Development Bank. This book was released on 2012-08-01 with total page 272 pages. Available in PDF, EPUB and Kindle. Book excerpt: This publication showcases the beginnings of the People‘s Republic of China–Asian Development Bank knowledge sharing platform, its context, activities, challenges, and lessons learned. It concludes by mapping out the next steps to bring it to its strategic mission.

Download or read book Immigration and the Financial Crisis written by John Higley and published by Edward Elgar Publishing. This book was released on 2011 with total page 241 pages. Available in PDF, EPUB and Kindle. Book excerpt: Structural needs for immigrant labour in health care, restaurant, tourism, agricultural and other economic sectors, together with harsher economic circumstances in most sending countries, almost certainly ensure the continuation of large-scale immigration to the US and Australia. But in harder times, especially in the US, sustaining this immigration while managing immigrants' economic and social integration are daunting tasks. This illuminating book analyses how well, and in what ways, the US and Australia will meet these challenges. This companion volume to Nations of Immigrants examines immigration to the US and Australia during the difficult economic times following the paralysis of financial firms and markets in New York and London during autumn 2008, quickly affecting Australia and most other OECD countries. The contributors prominent American and Australian immigration specialists discuss how the financial crisis has altered the nexus of domestic labour markets and immigration, how public fears spurred by harder times are affecting border protection and support for immigration, whether serious abrasions between foreign- and native-born populations are being kindled, and the extent to which the politics of immigration are being transformed. Immigration and the Financial Crisis will prove a thought provoking read for academics and students with an interest in immigration, and American and Australian policy arenas. The book will also prove an invaluable reference tool for public servants engaged in administering US and Australian immigration policies.

Download or read book Financial Crises Explanations Types and Implications written by Mr.Stijn Claessens and published by International Monetary Fund. This book was released on 2013-01-30 with total page 66 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper reviews the literature on financial crises focusing on three specific aspects. First, what are the main factors explaining financial crises? Since many theories on the sources of financial crises highlight the importance of sharp fluctuations in asset and credit markets, the paper briefly reviews theoretical and empirical studies on developments in these markets around financial crises. Second, what are the major types of financial crises? The paper focuses on the main theoretical and empirical explanations of four types of financial crises—currency crises, sudden stops, debt crises, and banking crises—and presents a survey of the literature that attempts to identify these episodes. Third, what are the real and financial sector implications of crises? The paper briefly reviews the short- and medium-run implications of crises for the real economy and financial sector. It concludes with a summary of the main lessons from the literature and future research directions.

Download or read book Global Waves of Debt written by M. Ayhan Kose and published by World Bank Publications. This book was released on 2021-03-03 with total page 403 pages. Available in PDF, EPUB and Kindle. Book excerpt: The global economy has experienced four waves of rapid debt accumulation over the past 50 years. The first three debt waves ended with financial crises in many emerging market and developing economies. During the current wave, which started in 2010, the increase in debt in these economies has already been larger, faster, and broader-based than in the previous three waves. Current low interest rates mitigate some of the risks associated with high debt. However, emerging market and developing economies are also confronted by weak growth prospects, mounting vulnerabilities, and elevated global risks. A menu of policy options is available to reduce the likelihood that the current debt wave will end in crisis and, if crises do take place, will alleviate their impact.

Download or read book Migration and Remittances During the Global Financial Crisis and Beyond written by İbrahim Sirkeci and published by . This book was released on 2012 with total page 437 pages. Available in PDF, EPUB and Kindle. Book excerpt: During the 2008 financial crisis, the possible changes in remittance-sending behavior and potential avenues to alleviate a probable decline in remittance flows became concerns. This book brings together a wide array of studies from around the world focusing on the recent trends in remittance flows. The authors have gathered a select group of researchers from academic, practitioner and policy making bodies. Thus the book can be seen as a conversation between the different stakeholders involved in or affected by remittance flows globally. The book is a first-of-its-kind attempt to analyze the effects of an ongoing crisis on remittance flows globally.

Download or read book India Migration Report 2012 written by S. Irudaya Rajan and published by Routledge. This book was released on 2014-03-21 with total page 390 pages. Available in PDF, EPUB and Kindle. Book excerpt: This volume is a collection of articles dealing with various dimensions of the Global Financial Crisis and its economic and social impact in terms of governance, emigration, remittances, return migration and re-integration. The crisis, which had its origin in the United States in 2008, spread its economic effects on developed as well as developing countries. Some of these countries were able to recover in the short run while some are in the process of recovery, with continuous efforts by both national governments and international agencies. In this backdrop, is there any impact on the outflow of emigrants from the countries of origin and inflow of remittances to the countries of destination? The third volume in the annual series ‘India Migration Report’ answers the question through rigorous quantitative and qualitative analyses and fieldwork both in the Gulf region and South Asia, and concludes that both emigration and remittances are more resilient than expected. This report: contains findings based on an extensive survey conducted in Kerala; has additional evaluations based on other surveys and case studies conducted in different parts of India, Pakistan, Bangladesh, Nepal and Sri Lanka to reflect on the consequences of the global crisis on the countries of origin, as well as a quick assessment and site visits to the United Arab Emirates, Kuwait, Qatar and Malaysia; includes essays that examine the linkages between emigration and remittances based on international data from the World Bank, the International Labour Organization, the International Organization of Migration, the United Nations and other organizations that closely deal with international migration. It will be of interest to students and scholars of migration studies, sociology, law, economics, gender studies, diaspora studies, international relations and demography, apart from non-governmental organizations, policy-makers and government institutions working in the field of migration.