International migration is nothing new and has been a major aspect in shaping global cultures and cosmopolitan places such as New York, Paris and London
The World Bank (2012) noted that: ‘The overall economic gains from international migration for sending countries, receiving countries, and the migrants themselves are substantial.’
However, some people disagree that these impacts are a good thing, and that cultural identity is being lost through not just international migration but also internal migration
Impacts on Country of Destination
Impacts on Country of Origin
Impacts on Migrants Themselves
Remittances are the most positive impact on a country of origin, particularly developing countries such as Bangladesh, India, Nepal and Mexico
Remittances are seen as 'globalisation bottom up', as they can account for as much as 20% annual GDP as well as:
Help decrease poverty
Creates a multiplier effect and increases investment in an area
Soften the impact of a global recession
Major sources of remittances come from USA, Germany, UK, western Europe and the Persian Gulf
Top 5 recipient countries for 2021 were India, China, Mexico, Philippines, and Egypt
1.What is remittance?
What is GDP?
How remittances influence GDP of a nation?
How do remittances play a role in below scenarios?
Help decrease poverty
Soften the impact of a global recession