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Openness, Economic Growth and Labour Migration in times of Global Downturn: with Special Reference to Asian Examples

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  • Kenneth E Jackson
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    Abstract

    This 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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    Bibliographic Info

    Paper provided by eSocialSciences in its series Working Papers with number id:4488.

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    Date of creation: Sep 2011
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    Handle: RePEc:ess:wpaper:id:4488

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    Related research

    Keywords: 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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    1. Lal, Deepak, 1995. "India and China: Contrasts in economic liberalization?," World Development, Elsevier, Elsevier, vol. 23(9), pages 1475-1494, September.
    2. Nicholas Glytsos, 2005. "“Dynamic Effects of Migrant Remittances on Growth: An Econometric Model with an Application to Mediterranean Countries”. Discussion Paper, No. 74, KEPE, Athens, 2002," Labor and Demography, EconWPA 0505014, EconWPA.
    3. World Bank, 2008. "The Migration and Remittances Factbook 2008," World Bank Publications, The World Bank, number 6383, August.
    4. Edward E. Leamer, 1987. "Measures of Openness," UCLA Economics Working Papers, UCLA Department of Economics 447, UCLA Department of Economics.
      • Edward E. Leamer, 1988. "Measures of Openness," NBER Chapters, in: Trade Policy Issues and Empirical Analysis, pages 145-204 National Bureau of Economic Research, Inc.
    5. Pritchett, Lant, 1996. "Measuring outward orientation in LDCs: Can it be done?," Journal of Development Economics, Elsevier, Elsevier, vol. 49(2), pages 307-335, May.
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