Baseline Study on Davao City\'s Remittances

I. Rationale\nThis paper provides crystalline data regarding migrant workers in Davao City, the nature of their jobs and tenure, the amount of their remittances per year and the change these hurt exerted in saving, spending and investment behaviors. The investigate draws attention to the contribution of migrants to the saving of Davao City and explores issues related to remittances and frugal behavior. Through this paper, we would like to see the gaps between remittances and financial investments among Davao migrants.\n\nII. companionshipability\nInternational fight migration is delimitate as the movement of people from one country to other for the purpose of date. Labor mobility has require a distinct judge of globalization and the global frugality with migrant workers earning US$ 440 gazillion in 2011, and the World fix estimating that more than $350 billion of it was catching to maturation countries in stools of remittances (International arranging for Migra tion, para. 1). \nLabor migration has extensive setting for the migrants, their communities, the countries of origin and destination, and also for the employers. A growing number of move countries view international tug migration as an integral theatrical role of their national development and employment strategies. Countries of origin benefit from labor migration because it relieves unemployment pressures and contributes to development through remittances, knowledge transfer, and the creation of business and spate networks.\nIn developing countries, remittances have become an enduring member of the countrys growth. It plays a key role as a source of remote finance. Remittances are a form of aid that migrant workers calculate back to their families, in enunciate to support the needs of the family. In about 25% of developing countries, remittances are larger than exoteric and private capital flows have (International Monetary Fund, 2009).The reason why remittances are so weighty is due...