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Erschienen in:
2023 | OriginalPaper | Buchkapitel
Role of Remittance in Trade Deficit and Poverty Reduction - A Recent Account of an Asia Pacific Story – Bangladesh, India, Pakistan and Philippines
verfasst von : Hafizur Rahman
Erschienen in: Digitalisation: Opportunities and Challenges for Business
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Abstract
The concept of remittances got so much importance in the annals of modern history that United Nations General Assembly adopted June 16 as the International Day of Family Remittances (IDFR). It is estimated that, in 2014, around 80% of all global remittances went to developing countries – $436 billion out of a total of $583 billion – around double the amount of global development aid. The objectives of this paper is to examine the relationships of remittances among others, on GDP growth and more importantly on deficit (trade) decline and poverty reduction of India, Bangladesh, Pakistan and Philippines an Asia Pacific hub where around twenty four percent global population live.