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Full-Text Articles in International Economics
International Migration And Remittances: A Review Of Economic Impacts, Issues And Challenges From The Sending Country’S Perspective, Tereso S. Tullao Jr, Christopher James R. Cabuay
International Migration And Remittances: A Review Of Economic Impacts, Issues And Challenges From The Sending Country’S Perspective, Tereso S. Tullao Jr, Christopher James R. Cabuay
Angelo King Institute for Economic and Business Studies (AKI)
The paper reviews the motivations of people to migrate and remit as well as the impacts of migration and the effects of remittances. Reasons for migration are quite varied ranging from economic asymmetries (also known as push-pull factors), demographic asymmetries, investment in human capital, maximization of household income, the culture of migration, and the movement in natural persons. On the other hand, remittances are sent to the home country for altruistic, exchange, strategic and insurance motives as well as an arbitrage in interspatial differences in purchasing power. The impacts of migration and remittances are felt on both the household and …