世界経済・社会統計 = World development indicators

Financial development and dynamic investment behavior: Evidence from panel VAR

The debate on migration and development has swung back and forth like a pendulum, from developmentalist optimism in the 1950s and 1960s, to neo-Marxist pessimism over the 1970s and 1980s, towards more optimistic views in the 1990s and 2000s. This paper argues how such discursive shifts in the migration and development debate should be primarily seen as part of more general paradigm shifts in social and development theory. However, the classical opposition between pessimistic and optimistic views is challenged by empirical evidence pointing to the heterogeneity of migration impacts. By integrating and amending insights from the new economics of labor migration, livelihood perspectives in development studies and transnational perspectives in migration studies – which share several though as yet unobserved conceptual parallels – this paper elaborates the contours of a conceptual framework that simultaneously integrates agency and structure perspectives and is therefore able to account for the heterogeneous nature of migration-development interactions. The resulting perspective reveals the naivety of recent views celebrating migration as self-help development “from below”. These views are largely ideologically driven and shift the attention away from structural constraints and the vital role of states in shaping favorable conditions for positive development impacts of migration to occur.

https://onlinelibrary.wiley.com/doi/pdf/10.1111/j.1747-7379.2009.00804.x

Migration and Development: A Theoretical Perspective

The 2013 Human Development Report – "The Rise of the South: Human Progress in a Diverse World" – examines the profound shift in global dynamics driven by the fast-rising new powers of the developing world and its long-term implications for human developmentChina has already overtaken Japan as the world's second biggest economy while lifting hundreds of millions of its people out of poverty India is reshaping its future with new entrepreneurial creativity and social policy innovation Brazil is lifting its living standards through expanding international relationships and antipoverty programs that are emulated worldwideBut the "Rise of the South" analyzed in the Report is a much larger phenomenon: Turkey, Mexico, Thailand, South Africa, Indonesia and many other developing nations are also becoming leading actors on the world stage

Human Development Report 2013. The Rise of the South: Human Progress in a Diverse World

Enclosed is a copy of the Board of Governors’ Semiannual Agenda of Regulations for the period August 1, 1980 through February 1, 1981. The Semiannual Agenda provides you with information on those regulatory matters that the Board now has under consideration or anticipates considering over the next six months, and is divided into three parts: (1) regulatory matters that the Board had considered during the previous six months on which final action has been taken; (2) regulatory matters that have been proposed for public comment and that require further Board consideration; and (3) regulatory matters that the Board may consider over the next six months.

Federal Reserve Bank of New Yorkの制定せる財務諸表様式について

This Migration and Development Brief reports global trends in migration and remittance flows, as well as developments related to the Global Compact on Migration (GCM), and the Sustainable Development Goal (SDG) indicators for volume of remittances as percentage of gross domestic product (GDP) (SDG indicator 17.3.2), reducing remittance costs (SDG indicator 10.c.1) and recruitment costs (SDG indicator 10.7.1). This Brief has a special focus on transit migration. Addressing the adverse drivers of transit migration will involve policy efforts to create economic opportunities and reduce conflict and fragility in migrants’ countries of origin. Opening more legal channels for migration to destination countries would also help reduce transit migration. Collaborative efforts among the origin country, the transit country, and the final destination country to control transit migration, however, should not violate free (intra-regional) movement of people under regional protocols. Respecting the human rights of transit migrants remain a policy priority. In situations where transit migrants stay on for protracted periods, there may be a need to provide access to education and health services, as well as to labor markets. For their part, origin countries need to empower embassies in transit countries to assist their nationals. Multilateral agencies can help the global community through the collection of data and also analytical and technical assistance in addressing the drivers of transit migration. They can also act as honest brokers to facilitate collaboration among the concerned parties. Multilateral development banks can also provide innovative financing solutions to transit countries.

Migration and remittances : recent developments and outlook - transit migration

Migrant remittances are an important source of external finance for developing countries. The current financial crisis is believed to have influenced migrant remittance flows as well as volume and patterns of use of remittances. In this special issue, a collection of cases from around the world is presented to understand the immediately felt effects of the crisis. Potential influences due to the crisis impact on migration patterns are yet to be seen and studied.

Editorial: Remittances and the global financial crisis

This paper provides a review of the literature on the development impact of migration and remittances on origin countries and on destination countries in the South. International migration is an ever-growing phenomenon that has important development implications for both sending and receiving countries. For a sending country, migration and the resulting remittances lead to increased incomes and poverty reduction, and improved health and educational outcomes, and promote economic development. Yet these gains might come at substantial social costs to the migrants and their families. Since many developing countries are also large recipients of international migrants, they face challenges of integration of immigrants, job competition between migrant and native workers, and fiscal costs associated with provision of social services to the migrants. This paper also summarizes incipient discussions on the impacts of migration on climate change, democratic values, demographics, national identity, and security. In conclusion, the paper highlights a few policy recommendations calling for better integration of migration in development policies in the South and the North, improving data collection on migration and remittance flows, leveraging remittances for improving access to finance of recipient households and countries, improving recruitment mechanisms, and facilitating international labor mobility through safe and legal channels.

https://papers.ssrn.com/sol3/Delivery.cfm/5558.pdf?abstractid=1759149&mirid=3

Impact of Migration on Economic and Social Development: A Review of Evidence and Emerging Issues

Bridging the external financing gap has been an important factor in borrowing cgovernment's demand for World Bank loans. The demand for IBRD and IDA lending is positively related to an increase in debt service payments and inversely related to a borrowing country's level of reserves. These two variables explain a large part of the variation in IBRD and IDA lending commitments, not only since the Asian crisis but also during tranquil times over the past two decades. Borrowing to service debt during a crisis is consistent with the Bank's role as a lender of last resort as well as with its core development objectives, but such borrowing during tranquil times may conflict with the Bank's long-term objective of reducing poverty. That investment lending commitments are related to debt service payments implies that aid may be more fungible than previously believed. If Bank lending is fungible and there is no guarantee that a particular Bank loan is financing an identified investment project or program, a case could be made for greater use of programmatic lending (with well-defined conditionality) As developing countries become larger and more integrated with volatile international capaital markets, there is also likely to be a greater need for fast-disbursing, contingent program lending facilities from the Bank.

Demand for World Bank lending

Asia and the Pacific region experienced a dramatic rise in migration during the last few decades. The wave of migration increased from the 1970s when the oil price surge provided the impetus for the oil-producing Middle East to scale up their infrastructure investments. Migrants from Asia stand at an estimated seventy million, accounting for one-third of the total international migrants. Migration patterns reflect the wide income and demographic disparities within the region and with other parts of the world. While Asia is a major source of skilled migrants to advanced countries, most Asian migrants tend to be low-skilled. And all migrants contribute to the economic development within Asia as well. These remittances support macroeconomic stability, as well as contribute to reducing poverty and building human capital. This report consists of eight chapters on the different aspects of migration and remittances across the regions as follows: Chapter 2 focuses on the impact of migration and remittances as well as rules and regulations governing labor migration; Chapter 3 analyzes the behavior of remittances over the business cycle in comparison with other inflows such as foreign direct investment (FDI), portfolio equity, and official development assistance; Chapter 4 introduces examples of financial literacy programs targeting migrants and remittance recipients and empirical findings on impacts of financial literacy programs on people’s financial behavior; Chapter 5 identifies the issues in the traditional banking system in extending access to remittance services to migrant workers; Chapter 6 discusses on the measures to channel remittances for productivity enhancing investments; Chapter 7 provides details on the future flow securitization of remittances to raise long-term financing for various types of investments; and Chapter 8 summarizes the chapters and provides recommendations.

Dilip Ratha

Papers

Migration and remittances : recent developments and outlook - transit migration

Editorial: Remittances and the global financial crisis

Impact of Migration on Economic and Social Development: A Review of Evidence and Emerging Issues

Demand for World Bank lending

Migration and Remittances for Development in Asia