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Migration, Diasporas, Remittances and the Sustainable Development Goals in Least Developed Countries

Author

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  • Nurse Keith

    (Principal, University of the West Indies at Cave Hill, Sir Arthur Lewis University College, Cave Hill Campus, Bridgetown, Barbados)

Abstract

Migration, diasporas and the growth of remittances are key contemporary development trends which impact directly the lives of one in seven persons and often some of the most vulnerable and as such are critical to achieving the Sustainable Development Goals and the 2030 Agenda of “leaving no one behind”. Migration is captured in four Goals and five Targets in the SDGs however it is argued that the developmental potential of migration for LDCs is an underexploited asset. The paper offers critical perspectives on the SDGs targets by analysing the impact of remittances (including South-South remittances) and other financial investments such as diaspora savings and bonds. The analysis then focusses on financial innovation through the growth of money transfer organizations in LDCs (i.e. Haiti, Tonga and Bangladesh) and the rise of mobile money. The impact of these trends on financial inclusion and the banking of unbanked populations is then considered. The paper concludes with some key recommendations and insights.

Suggested Citation

  • Nurse Keith, 2018. "Migration, Diasporas, Remittances and the Sustainable Development Goals in Least Developed Countries," Journal of Globalization and Development, De Gruyter, vol. 9(2), pages 1-13, December.
  • Handle: RePEc:bpj:globdv:v:9:y:2018:i:2:p:13:n:8
    DOI: 10.1515/jgd-2019-0006
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    Cited by:

    1. Mohammed Anam Akhtar & Imran Khan & and Khurram Ajaz Khan, 2023. "Linking Financial Capability, Advice, Anxiety, Social Security, and Residential Status with Outward Remittances: Evidence from the UAE," Contemporary Review of the Middle East, , vol. 10(4), pages 386-407, December.

    More about this item

    Keywords

    2030 agenda; diasporas; economic globalization; international migration; international public policy; LDCs; remittances; SDGs;
    All these keywords.

    JEL classification:

    • F22 - International Economics - - International Factor Movements and International Business - - - International Migration
    • F24 - International Economics - - International Factor Movements and International Business - - - Remittances
    • F5 - International Economics - - International Relations, National Security, and International Political Economy
    • F6 - International Economics - - Economic Impacts of Globalization

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