Globalization and Remittances: the tradeoffs of interconnectedness Wayne W. Gammon III INT 301 Dr. Sharon Remittances Money from migrant workers sent to home country 413 Billion dollars in remittances in 2013 Why Remittances? Poor current conditions Sustainable work opportunities Lucrative opportunities Money to support family Hopes of a better future Increases international currency reserves Filipino Slum Macroeconomic Effects India: $25 billion 2006, $72 billion 2013 China:$24 billion Mexico:$24 billion Philippines $15 Billion Stability: 2001 Stability: 2012 Difficulties Policies to aid remittance transactions Sound institutions offering protection Structural weakness of labor-exporting country Overcoming Difficulties Tradeoffs and Risks Familial bonds are tested, strained, and often broken Dependency on foreign immigration policy Failed remittances Globalization Interconnectedness provides the opportunity for the production of remittances Cyclical and self-perpetuating Human wellbeing Questions ??? Works cited DeParle, Jason. "A Good Provider Is One Who Leaves." (2007): Print. Fox, Jillian. "Africa's Mobile Economic Revolution." Theguardian.com. The Guardian, 23 July Web. 17 Nov Glytsos, Nicholas P. "Dynamic Effects of Migrant Remittances on Growth: An Econometric Model with an Application to Mediterranean Countries." Center of Planning and Economic Research (2002): n. pag. JSTOR [JSTOR]. Web. 17 Nov Nations, United. "Least Developed Countries Report 2012." United Nations Conference on Trade and Development (2012): n. pag. Web. 17 Nov O'Neil, Kevin. "Labor Export as Government Policy: The Case of the Philippines." Migrationpolicy.org. N.p., 01 Jan Web. 17 Nov Overseas Workers Welfare Administration." OWWA. N.p., n.d. Web. 17 Nov Ratha, Dilip. "The Hidden Force in Global Economics: Sending Money Home." TED Talk. TEDGlobal Sept Speech. Ratha, Dilip. "Worker's Remittances: An Important and Stable Source of External Development Finance." The Repository at St. Cloud State University (2005): n. pag. Web. 17 Nov Stahl, Charles W. "Labor Emigration and Economic Development." Wiley Center for Migration Studies of New York (1982): n. pag. JSTOR [JSTOR]. Web. 17 Nov