Effect of Global Mobility on Country Development

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Effect of Global Mobility on Country Development

Mobility enables people to migrate either internally or internationally. International migration relates to the development of both receiving and sending countries. The importance of migration and remittance in shaping international development has led the United Nations to feature migration and remittances in their Millennium Development Goals (MDG) and post-2015 UN Development Agenda. The United Nations estimated that in 2013 there are about 232 million people migrated internationally and this number had increased 32 percent since 2000 (UN DESA, 2013).

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A growing number of international financial flows of remittance worldwide have made international migration received more attention compare to internal migration. International flow of remittance to developing countries is increasing and exceed official development assistance and private debt and portfolio equity (World Bank, 2013). Among recipient countries, developing countries always record high number of remittance receipt and the largest recipients are countries in the region of East Asia and Pacific (EAP). The Flow of remittances transfer to developing countries amount to USD 404 billion in 2013 (World Bank, 2014) and estimated to reach $515 billion by 2015. Almost 53 percent of remittances received by developing countries goes to the EAP region and this region was expected to receive $109 billion in 2012 (Figure 1).