Overseas Employment and Remittance Inflow in Bangladesh

Muhammad Rabiul Islam Liton, Md. Alauddin, Md. Nazmus Sadekin

Abstract


Bangladesh met with regular and enormous labor migration to overseas from 1960s and it is still one of the most remittance gaining countries among the developing ones in Asia. Like overseas employment, remittances flow has been increasing every year with its increased share in GDP and export earnings which becomes vital elements for accelerating economic growth in Bangladesh. In this study, we found that there is a significant relationship between inflows of foreign remittances and overseas employment. Our analysis also reveals that unskilled manpower, insufficient government initiatives for exploring new overseas market for labor, employees’ reluctance to use legal channel for sending money are some of the reasons that inhibits the remittance inflows in Bangladesh. In this context, we think proper training, raising awareness and government active role will be suffice in ensuring inflows of foreign remittances.

Keywords: Migration, Employment, Overseas, Remittance, Development.


Full Text: PDF
Download the IISTE publication guideline!

To list your conference here. Please contact the administrator of this platform.

Paper submission email: JAAS@iiste.org

ISSN 2409-6938

Please add our address "contact@iiste.org" into your email contact list.

This journal follows ISO 9001 management standard and licensed under a Creative Commons Attribution 3.0 License.

Copyright © www.iiste.org