Openness, Economic Growth and Labour Migration in times of Global Downturn: with Special Reference to Asian Examples
AbstractThis paper starts by examining some of the variables that have been considered important determinants of openness and how views of these have changed over the last twenty years. It then considers the importance of migration and remittances back to countries of origin in such variables. It contrasts the growth of remittances with the growth of Aid, Trade and Foreign Investment and considers their effectiveness in combating poverty, as well as their absolute numbers. It ends with a reflection on how these variables may impact on the developing countries’ experience of the current financial recession, using the experience of some Asian countries as illustration and concludes that migration and remittances will play a pivotal role in determining the outcome for developing economies. URL:[http://www.devstud.org.uk/aqadmin/media/uploads/4ab77e1ecf5a5_3-jackson-dsa09.pdf].
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Date of creation: Sep 2011
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global downturn; asian; Openness; Economic Growth; Labour Migration; Capital; Labour; Land; Oil production; Coal production; mineral production; markets; trade balance; natural protection; domestic labour demand; remittances; Gross Domestic Product (GDP) per capita; Least Developed Countries (LDCs);
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