Migration is a global phenomenon. According to a study, it is estimated that about 3% of the world’s population is migrants. It is a massive movement of people across the globe i.e., almost 175 million people living outside their country of origin. If all the migrants lived in the same place, it would be the world’s fifth largest country. Remittances, an inextricable facet of migration, are the sum of money that migrants regularly send to their families who have remained in their countries of origin. Remittances are generally targeted towards poor families and individuals. There is a wide consensus that remittances play an important role in alleviating poverty, increasing consumption, bettering education for children and in healthcare as well as some investment purposes. Emigrant households are more likely to send their children to schools. Remittances are productively invested in micro-enterprises, used to build housing and local infrastructure, such as schools and clinics, to buy land or materials to work the land or seeds to plant. By providing an additional source of income, remittances are crucial for enabling poor families to improve the standard of living. Therefore, remittances function as a social safety net for poor families. The book exclusively concentrates on the overview and status of migration and remittances and the impact of remittances on socio economic development of the countries like India, Philippines, China, Bangladesh, Nepal, Indonesia, Pakistan, Sri Lanka, Afghanistan, Somalia Mexico, Nigeria and Macedonia.
ABOUT THE AUTHOR Naveen Kumar Agarwal
Naveen Kumar holds a M.Phil. degree from Department of Business Economics, University of Delhi, Delhi. He is presently working as a Faculty Associate with Icfai Research Centre, Hyderabad. He has around seven years of research experience in the field of social sciences. He has been awarded fellowship for Doctoral Programme in 2003 from National Centre of Competence in Research (NCCR) North-South, Switzerland (a joint project of Swiss National Science Foundation and Swiss Agency for Corporation and Development). He has presented his research not only at different places in India but also in many countries like Bangladesh, Switzerland, Nepal, Kyrgyzstan, etc. His articles have been published in various national and international refereed journals. His areas of interests include urban poverty, slums, migration, education, child labour, water & sanitation, environment, banking and labor & development
ABOUT THE AUTHOR V.V. Ramani
V.V. Ramani holds an M.A., Phil and a PGDM from Madras University. She is currently working as a Faculty Member and Consulting Editor with ICFAI University. She has over 18 years of industry and academic experience. She is the Joint Secretary of National Human Resources Development Network, Hyderabad Chapter and Vice President of CEASE Child Labor (an ILO Project). Her articles have been published in various magazines and management journals. She presented several papers in various conferences and seminars. Her areas of interest include Economics disciplines like Micro-Economics, Macro-Economics, International Trade, Public Finance and HR disciplines like Leadership, Organisational Development, Human Resource Management and Networking.
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