A New View Of Financial Flows From Labor Migration: A Social Accounting Matrix Perspective

Abstract

Most of the recent academic interest in international migration by economists was created by the increasing labor flows of the 1970s and 1980s, and most research has been concerned primarily with the effects on receiving countries. But emigration and the financial flows associated with it can also have severe economic and social implications for the sending countries (Asch and Reichmann:1994). Russell and Teitelbaum (1992) estimate official global flows from labor receiving countries to labor sending countries to be US$ 71.1 billion in 1990, while the UN Population Fund (1996) estimates that there are 125 million people who are living in a country different from the one they were born in.