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  1. 1
    200435

    Report of the Expert Group Meeting on Remittances from International Labour Migration.

    United Nations. Economic and Social Commission for Asia and the Pacific [ESCAP]

    [Unpublished, 1985]. 11 p. (DP/RILM/11.)

    The Expert Group Meeting on Remittances From International Labour Migration was held at the Economic and Social Commission for Asia and the Pacific (ESCAP) from 2-4 September, 1985. The meeting was convened to discuss issues and policies concerning remittances by workers who had been going in large numbers from developing countries in the ESCAP region to West Asia. 3.6 million workers from ESCAP countries are now employed in West Asia, which creates both problems and opportunities. The massive labor flow has helped the labor-importing countries to overcome their domestic labor shortages and thus has removed a crucial bottleneck in the productive utilization of their revenues from the oil boom of the 1970s. It also helped the ESCAP countries by relieving their unemployment pressures. A satisfactory solution to the problems that arise in the process of large-scale migration and remittance flows may be found by means of cooperation between labor-supplying and labor-receiving countries. Remittances are not an unqualified gain. A large out-migration of skilled and professional workers can have adverse consequences for the economies of labor-exporting countries. Remittances can cause many distortions in the economy, including exorbitant rises in land values. The recent slowdown in labor demand in Weest Asia is due to a fall in oil revenues and completion of large-scale infrastructure and other construction projects. Further labor absorption in that region may not take place; a substantial return flow has already begun.
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  2. 2
    200439

    An assessment of West Asian demand for migrant workers from the ESCAP Region.

    Hongladarom C

    [Unpublished, 1985]. ii, 66 p. (DP/RILM/10.)

    This review of the trend of labor exports from the Economic and Social Commission for Asia and the Pacific (ESCAP) region to the Middle East in recent years and the emerging socioeconomic situation in labor-importing countries points to the conclusion that further growth in labor exports from the ESCAP region is not promising. The continuing pressure on oil prices resulting from world supply and demand and the sharp fall in oil revenues on which the development activities of labor-importing countries in the Middle East are almost exclusively dependent leads to this negative conclusion. The situation, however, is not entirely negative. The economics of the labor-importing countries still possess certain inherent strengths based on their substantial reserves of oil and the newly built and acquired capital and liquid financial assets. Even assuming that the present slack in the oil market will continue for some time, economic activities in the oil-exporting countries can still continue at a reasonable pace once the crisis that has overtaken these economics from a sudden downturn in oil revenues is smoothed out. Available evidence indicates that these countries are now embarking on an intensive phase of development that concentrates more on industrial, agricultural, and service sectors rather than the construction phase. The labor requirements for these new phases of development will still be substantial but will have a different skill composition. Although most of the present stock of unskilled labor from the ESCAP region may have to return home, they may be replaced by new groups of skilled labor. The present study may serve as a useful basis for helping ESCAP to make more precise forecasts and projections.
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  3. 3
    200433

    Banking and other facilities for remittances by migrant workers from the ESCAP Region to the Middle East.

    Ali M

    [Unpublished, 1985]. 40 p. (DP/RILM/7.)

    This paper focuses on the labor-importing countries of the Middle East and how to maximize the flow of remittances to labor-exporting countries. This can be achieved if expatriate workers from Economic and Social Commission for Asia and the Pacific (ESCAP) member countries employed in the Middle East remit their earnings to home countries in foreign exchange through official banking channels, comprising both commercial banks and exchange companies operating in the host countries. In general, there is no lack of banking facilities is Saudi Arabia, United Arab Emirates, and Bahrain. Due to the slump in oil prices, banking capacity may be excessive. United Arab Emirates is now engaged in consolidating its banks. In all 3 countries, banking is organized on modern lines, but they can be induced to improve their performance, cooperate with each other in the field of remittances, and handle remittances for all the labor-exporting ESCAP countries without discrimination. Labor-importing Economic Commission For Western Asia (ECWA) countries could be approached to help fill existing gaps. For instance, Saudi Arabia could be requested to allow banking on Thursday evenings or to permit joint venture exchange companies, managed by ESCAP banks, to provide remittance facilities at remote sites where neither bank branches nor offices of domestic exchange companies exist. Mobile banking is another possibility. As far as clandestine dealers are concerned, the position is rather difficult. They are not guilty of any breach of law. Perhaps new legislation could curb their activities within the countries concerned, so as to throttle their business outside. The labor-exporting countries must 1st do all that lies in their power, individually and collectively, to tackle the problem of leakage of foreign exchange earnings.
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  4. 4
    200432

    Economic and Social Commission for Asia and the Pacific Expert Group Meeting on Remittances from International Labour Migration, 2-4 September 1985, Bangkok, Thailand [collected papers].

    United Nations. Economic and Social Commission for Asia and the Pacific [ESCAP]

    [Unpublished, 1985]. [467] p.

    The Expert Group Meeting on Remittances From International Labour Migration was held at the Economic and Social Commission For Asia and the Pacific (ESCAP) in Bangkok from 2-4 September, 1985. The titles of papers presented at the meeting include 1) Banking and Other Facilities For Remittances by Migrant Workers from the ESCAP Region to the Middle East, 2) Remittances from International Labour Migration: A Case Study of Bangladesh, 3) Labour Migration and Remittances in Pakistan, 4) Remittances of Indian Migrants to the Middle East: An Assessment with Special Reference To Migrants From Kerala State, 5) An Assessment of West Asian Demand For Migrant Workers from the ESCAP Region, 6) Labour Migration and Remittances in the Republic of Korea, 7) Issues in International Labour Migration Remittance, 8) Prospects or Joint Ventures and Other Forms of Economic Co-operation Between the Middle Eastern Oil Exporting Countries and the Labour Exporting Developing Countries in the ESCAP Region in the Context of Remittances From Labour Migration, 9) Overseas Employment and Remittances: A Case Study of the Philippines, 10) International Labour Migration and Remittances: Experience in Thailand, and 11) Report of the Expert Group Meeting on Remittances From International Labour Migration.
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