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The remittances sent by individuals working in one country to another country form a large volume comparable even to international aids. Recipient countries are quite jubilant over such receipts. The remitting countries are not unhappy, because the remitters have contributed to their economic prosperity. This win-win situation has attracted the attention of the governments, international aid agencies, multilateral funding institutions and also the central banks. ...
International migration affects the labour markets of both the host and the home countries. Generally, the entrepreneurial capabilities and skill levels of the migrants are high and hence, their movement may be an advantage to the host country and a loss to the home country. But the remittances of the migrants aggregate to a large volume. It has significant impact on the economy and external payment positions of several home countries. Hence, the home countries ...