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Books > Business & Economics > Economics > Development economics
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International Migration, Remittances, and the Brain Drain (Paperback)
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International Migration, Remittances, and the Brain Drain (Paperback)
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International migration, the movement of people across
international boundaries, has enormous economic, social and
cultural implications in both origin and destination countries. It
is estimated that some one hundred and eighty million people (three
per cent of the world's population) are living in countries in
which they were not born. Among these are millions of
highly-educated people who moved to developed countries from
developing countries that already suffer from low levels of human
capital and skilled workers. Moreover, the flow of formal
remittances from migrants to their relatives in their countries of
birth has exhibited a very rapid and accelerating rate of growth.
Estimated to exceed one hundred billion dollars annually,
remittances surpass foreign aid and account for the largest source
of foreign capital for dozens of countries. This timely volume
provides an in-depth examination of the relationship between - and
the impacts on - migration, remittances and development. Using new
household surveys and census data, the determinants of migration
and the impact of migration and remittances on various measures of
welfare are analyzed. Other issues discussed include the migration
of skilled workers, the impact of international students and
skilled migration in the United States, the determinants of
internal and international migration from rural areas whilst
providing a critical examination of the new 'brain drain'
literature.
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