International Labor Migration and Remittance
Bangladesh has participated in the international short-term labor market as one of the major labor-sending countries since the mid-1970s. This chapter provides an understanding of the developmental outcomes of migration on the country’s local and national economies. Remittances sent by the migrants, skills attained during migration and the growing interpersonal networks of migrants play a major role in reducing poverty and enhancing the development of Bangladesh. Voluntary labor migration has been a significant factor in the growth and development of many countries. The migration route has taken various twists and turns since then, but voyages beyond borders in search of a better life and livelihood still continue to be a major feature of Bangladeshi society and economy. Migration from Bangladesh also varies according to skill composition. Most of the research conducted on the impact of migration concentrates on the economic and social gains of migrants and their families. International migration plays a key role in the development discourse of Bangladesh.