Bangladesh is a land of the optimists. It is a country where millions of people dream of better living standards and future through their hard work and perseverance. With a dense population of nearly 154.1 million, in which there exists skilled, semi-skilled and less-skilled labor force, migration has been a primary source for the people of Bangladesh to search for employment.
The total labor force of the country currently stands at 60.7 million, employed 58.1 million and unemployed is 2.6 million (BBS, 2013). In the last 10 years, there has been an increase in interest in this labour market. Specially in efforts to try and decipher the links between employment overseas and the development of the families left behind; in order to find the nexus between whether employment of at least one family member overseas results in a reduction in the level of poverty for the families left behind. For millions of youths, the ability to migrate and receive employment overseas has harvested a lot of hope. In the inflated labour market, these youths would otherwise be mere numbers and without any work or income.
With an increasingly integrated and global economy, the role of remittances and its contribution to the economy has brought international migration discussions to the forefront. In addition to injecting foreign exchange, it allows millions of households to create surplus savings. Migrant’s savings from abroad chalked around US$ 11 Billion in 2010, significantly elevating
Language: The official language of Bangladesh is Bengali, which is also the most common language spoken in the country by approximately 98% of the people. Besides Bengali, there are 38 other languages that are spoken in Bangladesh………………………Bangladesh’s population is 89.1% Muslim, 10% Hindu, 0.5% Buddhist, and 0.4% Christian, Sikhs, animists and atheists. The precise percentage of Christians, Sikhs, animists, and atheists is not clear.
According to the International Labour Organization, as of 2014 there were an estimated 232 million international migrants in the world (defined as persons outside their country of origin for 12 months or more) and approximately half of them were estimated to be economically active (i.e. being employed or seeking employment).[1]
The research is addressed to the UK Department for International Development (DFID) that includes the UK Return and Reintegration Fund and the International Organization for Migration (IOM).
The international Monetary Fund describes remittances as international transfers of funds sent by migrant workers from the country where they are migrated to work to people who are typically their family members in their home country. Remittances represent household income from foreign economies coming from temporary or permanent movement of people to those foreign economies. Global remittances are primarily derived from two parts in the balance of payment framework which are income earned by workers in economies where they are migrated and the other part is the transfer from occupants of one economy to occupant of another
When I think of Bangladesh, poverty, overpopulation, developing country, bad political system, small, poor farmers, pollution, and floods are all words and phrases that come to mind. Basically, the upgrade to a tribal village in Africa (another “one story” place). The only good phrases I could muster up were “beautiful architecture” and “beautiful landscapes”. The images I see when someone says Bangladesh are of hundreds of people pilled in and hanging off trains, trash and human shit everywhere, people with dirt all over them, standing water everywhere, and shacks as homes. I could not find any articles in previous research that put Bangladesh into positive light even while articles on its own news site made the country seem depressing besides
Bangladesh is a small nation compared to other countries such as the USA. Bangladesh is located within Southern Asia, bordering with India and Burma. Bangladesh has a total area of 148,460 Square Kilometers. The Climate is quite hot due to the proximity to the equator. There are some natural resources such as Crude Oil, Natural Gas, Arable Land, Timber and Coal. The main Environmental Issues in Bangladesh are a lack of land forcing citizens to live in areas that flood a lot, Many Waterborne diseases, Overpopulation, Soil degradation and Deforestation.
The labor force of immigration is that the country can have multiple benefits, and first among these is a significant improvement in the economy a country, from both a transient financial point of view and in long haul business. Critics often mention the changes will create new a severe potential for their economy. These criticisms are often said that migrants would destroy the labor markets and make it less productive and less developed. However, deeper study of the increase in the workforce reveals that the immigrants have a new thoughts, abilities, and skills capable of developing the country. Migration promotes the workforce in a nation. The number of people who relocate from their countries, particularly in
Many economists have different opinions and recommendations regarding international immigration policies. Richard H. Adams and John Page’s essay “Do International Migration and Remittances Reduce Poverty in Developing Countries?” focuses on remittances, or the money sent back home by migrant workers, and their effect on poverty in labor exporting countries. The authors conclude that an increase in the amount of migrant workers in a country’s population will lead to a decrease in poverty for the labor-exporting country. They give policymaking recommendations to the international community and ask that world leaders make it easier for these remittances to be sent to family members of migrant workers. In Kenneth F. Scheve and Matthew J. Slaughter’s essay “Labor Market Competition and Individual Preferences over Immigration Policy,” the economists focus on how individual preferences concerning immigration policies are influenced by an individual’s socioeconomic status. Less-skilled workers fear an influx of “job-stealing” low-skilled immigrants, and therefore are more likely to favor restrictionist policies that limit immigration. While these fears are believed and often influence policy, they do not hold up to economic theory and should be disregarded. International and domestic law should ignore policy preferences of low-skilled native workers and should be reshaped to allow the free-flow of human capital. This would improve the economies of both labor-importing and
Bangladesh is a south Asian country. It is also known as a part of the third world country. Bangladesh has a unstable economy, and in the 21st century we are still dependent on our agricultural economic structure. We are trying quite hard to put an impact in the world economic system. For this we are pursuing the trend of the modernization of the western world. Still we are facing the economic instability. Changing the aspect of our industrialization and economic perspective we are trying our best to fit in the world economic system. To the economic system we are the agriculture based third world country, trying to reach the top.
People migrate in large number from rural to urban areas in search of employment. The agricultural base of rural areas does not provide employment to all the people living there. Even the small-scale and cottage industries of the villages fail to provide employment to the entire rural folk. Contrary to this, urban areas provide vast scope for employment in industries, trade, transport and services. About 8.8 per cent of migrants migrated for employment in
In recent times, overseas workers have been sending larger remittances annually to their home countries. These remittances proves to be a vital source of foreign exchange for developing countries. The overall development impact of remittances, however, has not been well established. Remittances are spent primarily on day-to-day consumption expenditures, housing, land purchase, and debt repayment. Remittances are also directed into productive investments. Remittances spent on domestic goods and services in Pakistan provide motivation to domestic industries. From a macroeconomic perspective, remittances can boost aggregate demand and thereby GDP as well as a catalyst for economic growth.
Every country has different ruling parties at different times. After the liberation war of Bangladesh, it has been ruled by two main different parties again and again. One party is the Bangladesh Nationalist Party is headed by former Prime Minister Khaleda Zia and another party is Bangladesh Awami league directed by current Prime Minister Sheikh Hasina. The two leaders, both of them followed the democracy, freedom of speech, and religious freedom. However, the three obvious differences after Prime Minister Sheikh Hasina came to power in Bangladesh are computerized administration, examination system, and the empowerment of women.
Remittances remain the most widely studied and most enticing to sending states’ governments of ways a diaspora engages its host state. Estimates of total remittances to the African continent
In more detail, there is the need to understand better the implications of changes in the migrants’ residency in destination areas on the socio-economic conditions of regular migrants, transit migrants, refugees opting for local integration, the trafficked, and repatriated migrants, among others. Furthermore, research on the impact of migration on the health status and economic conditions of regular migrants, trafficked children and women and refugees are very few. Other areas of grey knowledge are on the survival strategies devised by professionals in the interim of getting an equivalent job that marches their skill. Research in this area would make for clarification of consequences of brain drain, as we consider other perspectives on the issue, such as brain waste and brain circulation. There is the need to study more the consequences of international migration than concentrating on the causes and because most of the works reviewed dealt on the consequences on the left-behind dependents. As well, further works are to be carried out on measuring the impact of migration on the development of the country. This would translate to collating data on remittances not only from official ends, but from other sources, to make the data comprehensive. In addition, remittances should be measured both ways, rather than the present state of measuring only remittances received. In addition, there is the need to consider
Remittances typically refer to transfers of money by foreign workers to their home countries. Remittances are not a new phenomenon in the world, being a normal associated to migration which has always been a part of human history. Remittances are playing an important role in the economies of many developing and low income countries. Pakistan is a labour abundant country; hence, as neoclassical theory shows, if workers are unable to find jobs and/or wages to satisfy their needs, they will look elsewhere. Pakistan’s history provides us with a new trend of emigration nearly each decade. Remittance is an important source of foreign exchange earnings for Pakistan since 1970. During the past four decade Pakistan received