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Migration, Remittances, and Economic Growth: The Case of the Gambia

C. Omar Kebbeh's picture

In a surprising move, the Government of the Gambia through its Ministry of Foreign Affairs, International Cooperation and Gambians Abroad, in January 2012 convened the first “Consultative Meeting between the Government of the Republic of The Gambia and Gambians in the Diaspora”. According to a press release from the Office of the Gambian President, the main objective of the Consultative Meeting is to harness the potentials and talents of Gambians in the Diaspora, including those serving in International Organizations and others engaged in private ventures, which can be beneficial to the country. The release further indicated, “the meeting will facilitate the evaluation of the extent to which latent potential residing in Diaspora nationals, could be utilized to the fullest in support of Vision 2020 goals and objectives”.

A Global Partnership begins

Dilip Ratha's picture

Today marks an important date: The Global Knowledge Partnership on Migration and Development  (KP) begins its inception phase today. With seed funding from the Swiss Agency for Development and Cooperation (SDC), the KP will be a global public good, multidisciplinary, a process of synthesizing existing knowledge and creating knowledge where necessary, all with the purpose of creating a menu of policy options for policy makers (see consultation draft). The policy recommendations will be designed with careful analysis of facts and evidence. Methodologies will be closely scrutinized by peer reviewers. A 9 month inception phase will end in January 2013, and the KP will enter implementation phase in February 2013. By then, a secretariat would have been established, an Advisory Board formed, and at least 5 thematic working groups would have been identified.

Stark evidence on the jobs quality-quantity trade-off: Evidence from migration

David McKenzie's picture

“More and better jobs” is a goal for many policymakers around the world (along with part of the title for a recent World Bank South Asia flagship report on employment). How to create “good jobs” is a key question that the next World Development Report is also expected to help answer.

Estimating outward remittance flows from the US: over $100 billion a year?

Dilip Ratha's picture

The United States is perhaps the largest destination country for international migrants, and is by far the largest source country for international remittances (see our Factbook and a recent CBO report on remittances). The US Bureau of Economic Analysis reported that outward remittance flows from the US amounted to $51.6 billion in 2010 (see table 1). So far the BEA has published remittance data for the first three quarters of 2011. What could be the estimate for the fourth quarter 2011 and by implication the annual figure for 2011?

Migration and Trade Go Hand in Hand for Africa and the US

Sonia Plaza's picture

A recently introduced bipartisan legislation entitled, “The Increasing American Jobs through Greater Exports to Africa Act of 2012 “ will promote the increase of US exports to Africa. On March 22, U.S. Rep. Bobby L. Rush (D-IL) jointly with U.S. Rep. Chris Smith (R-NJ) presented a bill to improve the competitiveness of U.S. business in Africa, including African diaspora businesses. The bill also proposes to explore ways to utilize diaspora remittances to Africa for development purposes.

Crowdfunding

Dilip Ratha's picture

A challenge for developing countries considering issuance of bonds (including diaspora bonds) is costly and onerous SEC registration requirements in the U.S. and Europe.  The Capital Raising Online While Deterring Fraud and Unethical Non-Disclosure Act (CROWDFUND Act) passed by the U.S. Senate on March 22 could potentially make the regulatory process simpler for some small-scale financing for small and medium enterprises (SMEs) in developing country.

Helping new immigrants find work: a policy experiment in Sweden

David McKenzie's picture

Despite the large and growing literatures on migration in economics, sociology, and other social sciences, there is surprisingly little work which actually evaluates the impact of particular migration policies (most of the literature concerns the determinants of migrating, and the consequences of doing so for the migrants, their families, and for native workers). I am therefore always interested to see new work in this area, particularly work which manages to obtain experimental variation in policy implementation.


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