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The Analysis of International Migration towards Economic Growth

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Author(s): Ferdous Alam | Chamhuri Siwar | Basri Talib | Rabiul Islam

Journal: American Journal of Applied Sciences
ISSN 1546-9239

Volume: 8;
Issue: 8;
Start page: 782;
Date: 2011;
Original page

Keywords: International migration | remittance | economic growth | micro-macro development | political economy | human capital | Economics of Labor Migration (NELM) | capital migration

ABSTRACT
Problem statement: This study discusses the analysis of international migration towards economic growth in Bangladesh. International migration refers to the cross-border movement of people from a mother country to a location outside that mother country, with the purpose of taking up higher income employment, better living conditions, higher education get access to civic amenities and conducting a daily existence there for an extended period of time. The exports of labor, human capital, play a major role to minimize the poverty level in Bangladesh. In the last four decades, Bangladesh exports the huge number of labors abroad for economic growth through remittances. Remittances affect poverty eradication most directly by increasing the income of households which have a family member working abroad. Because income from remittances is usually larger than that which could have been earned by migrants they stayed at home. Approach: The aim of this study is to highlight the policy implications for the maximization of international migration and the analysis of economic growth in Bangladesh. The data for analysis is perceived from the secondary sources. The significant manipulations for acquired data are migration of employment and remittances for economic growth in Bangladesh. Results: Migration contributed for the development of macro and micro level in Bangladesh. Conclusion: There would be potential benefits to world's poor if more international attention were focused on integrating migration policy to within the larger global dialogue economic development and poverty reduction. Strong institutions and good policies will enhance the benefits of human capital migration for Bangladesh.
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