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Details for International Migration, Remittances and the Brain Drain
| Property | Value |
| Name: | International Migration, Remittances and the Brain Drain |
| Description: | International migration, the movement of people across international boundaries, has enormous economic, social, and cultural implications in both origin and destination countries. It is estimated that some 180 million people (3 percent of the world’s population) are living in countries in which they were not born (United Nations 2002). Among these are millions of highly educated people who moved to developed countries from developing countries that already suffer from low levels of human capital and skilled workers.1 Furthermore, the flow of formal remittances from migrants to their relatives in their country of birth has exhibited a rapid and accelerating rate of growth. The remittance flow has doubled in the last decade, reaching $216 billion in 2004, with $150 billion going to developing countries (Ratha 2005). It surpasses foreign aid and is the largest source of foreign capital for dozens of countries.2 As a result of these trends, migration issues have increasingly become the focus of attention, both among governments of origin and destination countries, and within the development community. |
| Filename: | inter_migration_remittances.pdf |
| Filesize: | 2.42 MB |
| Filetype: | pdf (Mime Type: application/pdf) |
| Creator: | Rosanna |
| Created On: | 10/24/2005 15:48 |
| Hits: | 239 Hits |
| Last updated on: | 02/15/2010 15:51 |
| Homepage: | http://go.worldbank.org/HONV2TILD0 |