Impact ofremittances by foreign workers on economic growth and economic development / Fauziana Fauzi @ Mat Rawi

Abstract—Foreign workers are a major source of work force in the development of the economy, whether it is for the country that imports or exports foreign workers. The contribution given by them not only gives a great impact to the development of the importing country, but...

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Main Author: Fauzi @ Mat Rawi, Fauziana
Format: Article
Language:English
Published: Universiti Teknologi Mara Cawangan Kelantan and Penerbit UiTM 2016
Subjects:
Online Access:https://ir.uitm.edu.my/id/eprint/29294/1/2
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author Fauzi @ Mat Rawi, Fauziana
author_facet Fauzi @ Mat Rawi, Fauziana
author_sort Fauzi @ Mat Rawi, Fauziana
collection UITM
description Abstract—Foreign workers are a major source of work force in the development of the economy, whether it is for the country that imports or exports foreign workers. The contribution given by them not only gives a great impact to the development of the importing country, but it also gives a great contribution to the country exporting them i.e., decrease the unemployment issues in their country of origin. Migration process is usually associated with the money transfer issue, or also known as remittance, which actually means the outflow of money from one country to another. The outflow of money by foreign workers usually brings benefits to the exporting countries compared to the importing countries (Ajis, et al., 2014). Taylor et al., (1996) added that direct effects from the consequences of money outflow will increase fund and source of income as well as generate economic development especially for sending countries. Global studies on the effects of remittances to economic growth have shown mixed results (Ang, 2007). To achieve those results, various model and method had been used. Thus this study is attempted to discuss on the impact of remittances by foreign workers on economic growth and economic development focusing onthe issue, model and the method used
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spelling uitm.eprints-92942020-04-07T05:37:12Z https://ir.uitm.edu.my/id/eprint/29294/ Impact ofremittances by foreign workers on economic growth and economic development / Fauziana Fauzi @ Mat Rawi jcssr Fauzi @ Mat Rawi, Fauziana HB Economic Theory. Demography Economics HC Economic History and Conditions Abstract—Foreign workers are a major source of work force in the development of the economy, whether it is for the country that imports or exports foreign workers. The contribution given by them not only gives a great impact to the development of the importing country, but it also gives a great contribution to the country exporting them i.e., decrease the unemployment issues in their country of origin. Migration process is usually associated with the money transfer issue, or also known as remittance, which actually means the outflow of money from one country to another. The outflow of money by foreign workers usually brings benefits to the exporting countries compared to the importing countries (Ajis, et al., 2014). Taylor et al., (1996) added that direct effects from the consequences of money outflow will increase fund and source of income as well as generate economic development especially for sending countries. Global studies on the effects of remittances to economic growth have shown mixed results (Ang, 2007). To achieve those results, various model and method had been used. Thus this study is attempted to discuss on the impact of remittances by foreign workers on economic growth and economic development focusing onthe issue, model and the method used Universiti Teknologi Mara Cawangan Kelantan and Penerbit UiTM 2016-11 Article PeerReviewed text en https://ir.uitm.edu.my/id/eprint/29294/1/2 Impact ofremittances by foreign workers on economic growth and economic development / Fauziana Fauzi @ Mat Rawi. (2016) Journal of Contemporary Social Science Research <https://ir.uitm.edu.my/view/publication/Journal_of_Contemporary_Social_Science_Research/>, 1 (1). pp. 16-27. ISSN 0128-2697 http://jcssr.com.my/
spellingShingle HB Economic Theory. Demography
Economics
HC Economic History and Conditions
Fauzi @ Mat Rawi, Fauziana
Impact ofremittances by foreign workers on economic growth and economic development / Fauziana Fauzi @ Mat Rawi
title Impact ofremittances by foreign workers on economic growth and economic development / Fauziana Fauzi @ Mat Rawi
title_full Impact ofremittances by foreign workers on economic growth and economic development / Fauziana Fauzi @ Mat Rawi
title_fullStr Impact ofremittances by foreign workers on economic growth and economic development / Fauziana Fauzi @ Mat Rawi
title_full_unstemmed Impact ofremittances by foreign workers on economic growth and economic development / Fauziana Fauzi @ Mat Rawi
title_short Impact ofremittances by foreign workers on economic growth and economic development / Fauziana Fauzi @ Mat Rawi
title_sort impact ofremittances by foreign workers on economic growth and economic development fauziana fauzi mat rawi
topic HB Economic Theory. Demography
Economics
HC Economic History and Conditions
url https://ir.uitm.edu.my/id/eprint/29294/1/2
work_keys_str_mv AT fauzimatrawifauziana impactofremittancesbyforeignworkersoneconomicgrowthandeconomicdevelopmentfauzianafauzimatrawi