Impact of Remittances and Emigration | Economics Assignment
15 Pages4032 Words391 Views
Added on 2020-04-01
Impact of Remittances and Emigration | Economics Assignment
Added on 2020-04-01
ShareRelated Documents
2017Professional ProjectacerProfessional Projectacer
Contents1.Introduction:........................................................................................................................2Key concepts and Definition:.................................................................................................2Background:...........................................................................................................................2Research aim:.........................................................................................................................3Research questions:................................................................................................................32.Literature Review...............................................................................................................33.Methodology.......................................................................................................................54.Data collection....................................................................................................................55.Data analysis.......................................................................................................................66.Findings and Analysis.........................................................................................................7Descriptive statistics:..............................................................................................................87.Discussion.........................................................................................................................118.Conclusion........................................................................................................................12Addressing aim of the project...............................................................................................12Limitation.............................................................................................................................12Recommendation..................................................................................................................129.References.........................................................................................................................131
1.Introduction:The inclusion of the foreign employment is the dramatically increased in the Nepal. The GDPof the Nepal has been increased to 30% by sending of remittances to different nation. In this paper we are going to research on the impact of remittances and emigration of people from the country on the economy and social factor of the nation. The GDP is used for knowing the positive or the negative effect of foreign employment of the nation. Key concepts and Definition:The deployment of the authentic statistics is the major issue exist with the foreign employment in Nepal. The handsome amount of remittance is not send by the emigrant to their family which does not able to improve the standard living of the family and does not aidto the nation economy. The gender empowerment creates a problem for the foreign employment (Munshi, 2015). The remittance helps in overcoming the poverty of the family members. The living standard of the people can be improved. The young generation can go toschool for getting better education to enlighten their coming future which helps in aiding growth of the nation economy. It foreign employment plays the role of the development of the money transfer market. The transfer of money helps in improving the financial status of the family. The appropriate policies should be used for defining the remittance of the emigrant employees who are living far away from their family to overcome the problem of poverty to their dear ones (Sijapati, 2017). The reviewing of the remittance helps in analysingthe effect of it on the economic condition of the country. The remittance is defined as the income earned by the individual from the foreign employment policies. The transfer of money from the foreign country added value to the nation economy. It is the monetary transaction which helps in improving the condition of the family in the difficult time of their living. Background:The privilege is given to the foreign employees to ensure the source of potential income to improve the financial condition of the family. The remittance income can be reviewed to analyse the emotional attachment with it. 0.5% GDP can be improved with the help of remittance income. The new opportunities should be provided for the personal consumption of the remittance. The remittance plays a vital role of insurance in improving the living condition of the employees. The strategies should be developed for knowing the economic 2
crisis of the household members. It is the method of investing into the foreign counties for theinclusion of foreign currencies into the hometown country (Ramakrishnan, 2015). The foreign employees send money to their loved ones to live the standard life of living. The financial services can be enhanced with the development of new opportunities by gaining the access of remittance (Shrestha, 2016). The development of the new policies and standards helps in bringing social changes through the medium of the remittance. The behaviour of the employees should be judged by analysing the flow of monetary terms. Research aim:In this paper we are going to analyse the impact of remittance provided to the family members in improving the living standard of the household and it effect on the growth of nation economy. Research questions:The research questions which are undertaken to carry out the research are:What are the returns of economy associated with the migration of individuals?What impact can be seen in livelihood of the migrant people?What are the effects of migration on the migrant families?What are the factors responsible for emigration?What are the aspirations associated with the social and economic shifting of the people?2.Literature ReviewThe social and the cultural life of the people get affected due to the emigration into different countries. It is difficult for the individual to change its working tactics according to the requirement of the other countries (Dahal, 2014). The handsome amount of money can be earned which results into the inclusion of foreign currency in the country. The 31% of the emigrants are attracted towards the strategies of the foreign employment in Nepal (Machamasi, 2015). The remittance helps in overcoming the poverty of the family members. The living standard of the people can be improved. The young generation can go to school for getting better education to enlighten their coming future which helps in aiding growth of the nation economy (Davis, 2016). The social status of the poor people can be completely transformed with the inclusion of remittances earned by their family members. The new opportunities of employment opens the door of education for the upcoming generation and 3
End of preview
Want to access all the pages? Upload your documents or become a member.
Related Documents
Literature Review on World Remit Companylg...
|12
|2927
|87
Challenges Faced by OFWs Amidst COVID-19: A Review of Related Literaturelg...
|8
|2880
|220
Pro Poor Tourism | case study of Nepallg...
|14
|3861
|262
International Economics: Assignmentlg...
|14
|3279
|400
Development Economics: Overview of Niger and Economic Theorieslg...
|18
|6588
|97
Report on Aspects of Destination Marketinglg...
|12
|4114
|29