The Global Crisis and the Impact on Remittances to Developing Asia

Abstract

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Migration and the accentuated ambivalence of motherhood: the role of ICTs in Filipino transnational families

“…What makes the Philippine case almost unique is that the state actively sponsors overseas migration through concrete policies (Acacio 2008;Asis 2005). Remittances, which account for over 10 per cent of the country's GDP, making the Philippines one of the world's highest remittance-recipient countries (Jha et al 2009), reached $16.5 billion in 2008(POEA 2009), a record figure to date despite the global economic crisis and the slight decline in Overseas Filipino Workers (OFW) numbers from previous years.…”

Impact of remittance inflows on trade balance in developing countries

“…Because there is a strong increase in the trend of remittance inflows to the developing countries in the Asia-Pacific region so there are some investigated results of this phenomenon in previous studies, example, remittance inflows can reduce the poverty (Hatemi-J & Uddin, 2014), enhance the accessibility to financial sector (Inoue & Hamori, 2106), link to the business cycle (Jha et al, 2010;Mughal & Ahmed, 2014), raise the inflation (Tung et al, 2015) increase the households's consumption (Petrou & Connell, 2016), change the exchange rate (Prakash & Mala, 2015) or harm private investment (Mallick, 2012). Although the high openness of international trade in the Asia-Pacific region, however, there is no evidence about the relationship between remittance inflows and trade balance (or trade flows) done in a large sample of countries in this region.…”

14. Polymedia communication and mediatized migration: an ethnographic approach

“…With over 10 % of the population working abroad and over one million migrants (equivalent to 3,500 daily departures) deployed annually (Asis 2008) it is hard to think of a more intensely migrant society than the Philippines. Remittances reached 24 billion USD for 2012 1 making the Philippines one of the top three remittance-receiving countries globally, behind China and India, both considerably larger countries (Jha, Sugiyarto and Vargas Silva 2009). The dependency of the Philippine economy on remittances explains why migration has become a clear economic policy for the Philippine government (Acacio 2008;Asis 2008) as the state actively promotes and regulates migration.…”