Date of Award

4-7-2010

Document Type

Open Access Thesis

Degree Name

Master of Arts in Leadership (MAL)

Department

Leadership

Abstract

For many developing countries, remittances from migrant workers are larger, more stable and outpace foreign direct investments and overseas development aid as a source of development funds. In many developing countries, external sources of finance, particularly remittances, are imperative to carry out poverty alleviation strategies as well as local economic development, given the low rate of domestic savings and high government expenditures. Remittances appear to be very promising as developing countries continue the search for additional sources of income to achieve the United Nations Millennium Development Goals. With the benefits of the remittances that migrant workers send back home, overseas migration also brought untold stories of hardships and sufferings to countless migrant workers who often fall victims to racial discrimination and inhumane working conditions. This paper will explain the factors that induce people to work abroad and also examine the uses of the remittances at home: specifically, the reasons why migrant workers send money, to whom these remittances are sent, and how remittances stimulate leadership both among the migrants away and the recipients at home. It was found that remittances have caused improvements in the lives of the recipients and also contributed to the economic developments in the developing countries. Remittances also served as a catalyst to migrant workers to develop their leadership skills and experience. However, with the continuous advancement of globalization, additional studies need to be conducted to determine the impact of remittances to the economies of the developing countries.

Identifier

SC 11.MAL.2010.Abdinur.M

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