Baseline Study on Davao City\'s Remittances

I. Rationale\nThis paper provides uni blueprint data regarding migrant workers in Davao City, the nature of their jobs and tenure, the amount of their remittances each year and the change these devote exerted in saving, spending and investment behaviors. The search draws attention to the contribution of migrants to the saving of Davao City and explores issues related to remittances and economic behavior. Through this paper, we would like to fail the gaps between remittances and financial investments among Davao migrants.\n\nII. entrée\nInternational outwear migration is defined as the movement of raft from one country to another(prenominal) for the purpose of habit. Labor mobility has pay off a distinct dimension of globalization and the global saving with migrant workers earning US$ 440 one thousand thousand in 2011, and the World depone estimating that more than $350 billion of it was ancestral to create countries in forms of remittances (International system of rules for Migration, para. 1). \nLabor migration has extensive medical prognosis for the migrants, their communities, the countries of origin and destination, and also for the employers. A growing number of depute countries view international advertise migration as an integral interrupt 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, cognition transfer, and the creation of business and change networks.\nIn developing countries, remittances have become an enduring agent of the countrys growth. It plays a key role as a source of immaterial finance. Remittances are a form of aid that migrant workers send back to their families, in mark to support the needs of the family. In about 25% of developing countries, remittances are larger than human beings and private capital flows unite (International Monetary Fund, 2009).T he reason wherefore remittances are so classic is due...