What are the key pressure points for migration to Remittances?

ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
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What are the key pressure points for migration to Remittances?

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Step 1

Migration is vital for the transmission of manpower and skills and provides the desirable understanding and advancement for universal development. When migrants come back, they carry innovative skills and understanding. There is less strain on services such as teaching and health-care.

Step 2

Remittances are resources transferred from migrants to their domicile state. They are the personal reserves of employees and families that are used up in the domicile nation for foodstuff, garments and additional expenditures, and which drive the domicile economy. It can recover the welfare of relatives members left after and enhance the economies of getting states. They can also generate an ethnicity of enslavement in the getting country, lowering labor power contribution, promoting noticeable spending, and slowing economic development.

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