Baseline Study on Davao City\'s Remittances

I. rule\nThis paper provides logical selective information regarding migrant workers in Davao city, the record of their jobs and tenure, the amount of their remittances annually and the alter these have exerted in saving, expenditure and investment behaviors. The research draws oversight to the contribution of migrants to the economy of Davao City and explores issues related to remittances and economic behavior. by dint of this paper, we would like to analyze the gaps between remittances and financial investments among Davao migrants.\n\nII. Introduction\n inter interior(a)istic labor migration is defined as the movement of people from maven clownish to another for the point of employment. lug mobility has give out a distinct attribute of globalisation and the global economy with migrant workers earning US$ 440 billion in 2011, and the World Bank estimating that more(prenominal) than $350 billion of it was transmitted to ontogeny countries in forms of remittances (Int ernational Organization for Migration, para. 1). \nLabor migration has extensive prospect for the migrants, their communities, the countries of first and destination, and also for the employers. A outgrowth number of sending countries facet international labor migration as an integral part of their national ontogenesis and employment strategies. Countries of line benefit from labor migration because it relieves unemployment pressures and contributes to development through remittances, knowledge transfer, and the introduction of business and trade networks.\nIn developing countries, remittances have become an enduring element of the countrys growth. It plays a tombstone role as a source of external finance. Remittances ar a form of maintenance that migrant workers send okay to their families, in order to affirm the needs of the family. In near 25% of developing countries, remittances atomic number 18 larger than public and reclusive capital flows combined (International financial Fund, 2009).The reason why remittances ar so important is due...