Migration and Remittances: Recent Developments and Outlook
By Kirsten Schuettler, Hanspeter Wyss, D. Ratha, S. Plaza, Supriyo De, Ervin Dervisevic, W. Shaw, Soonhwa Yi, S. R. Yousefi. 2015
516 citations recorded by the source corpus.
Using newly available census data, the stock of international migrants is estimated at 247 million in 2013, significantly larger than the previous estimate of 232 million, and is expected to surpass 250 million in 2015. Migrants’ remittances to developing countries are estimated to have reached $436 billion in 2014, a 4.4 percent increase over the 2013 level. All developing regions recorded positive growth except Europe and Central Asia (ECA), where remittance flows contracted due to the deterioration of the Russian economy and the depreciation of the ruble. In 2015, however, the growth of remittance flows to developing countries is expected to moderate sharply to 0.9 percent to $440 billion, led by a 12.7 percent decline in ECA and slowdown in East Asia and the Pacific, Middle-East and North Africa, and Sub-Saharan Africa. The positive impact on flows of a robust recovery in the US will be partially offset by continued weakness in Europe, the impact of lower oil prices on the Russian economy, the strengthening of the US dollar, and tighter immigration controls in many source countries for remittances. Remittance flows are expected to recover in 2016 to reach $479 billion by 2017, in line with the more positive global economic outlook.
Subfields: Demography, Sociology and Political Science
View Paper: https://www.semanticscholar.org/paper/54b9a5329b4258fa516ff6d24ae1413eb637ed06
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Citations in the corpus
- Does the inflow of remittances cause environmental degradation? Empirical evidence from China (2019, background): “In the second stage, increase in consumption and savings leads to an increase in aggregate demand and bank deposits (Arnold, 2008; Bhole, 2009; Graziani, 2003; Herendeen, 2007; Sawyer & Sprinkle, 2015; Sexton, 2015; Tregarthen & Rittenberg, 1999).”
- Acculturation, coping, and integration success of international skilled migrants: An integrative review and multilevel framework (2019, background): “Given the growing shortages of highly skilled labour in both advanced and emerging economies and the accelerating forces of globalisation, economists predict that the global economy will become increasingly dependent on internationally mobile professionals (United Nations, 2017; World Bank, 2015).”