DMA


MORE STORIES China, India set to be leading powers by 2025: US intelligence Heavy voting a trendsetter in Kashmir: Mufti Sayeed Economic meltdown sends large number of migrants home:UN 'You can't be 16 forever' Tendulkar, Irfan back in ODI squad What do our Bollywood body beautifuls eat? Ice Age park? Scientists sequence mammoth genome 'Industry should focus on wealth distribution' India may emerge as data hub for nearby countries: Gartner India to launch a manned mission to space
© 2008-2010 Dmanewsdesk.com
- All Rights Reserved.
Economic meltdown sends large number of migrants home:UN November 21, 2008
New York, Significant numbers of migrants have returned home from host countries hit by financial crisis and economic difficulties, the UN said Thursday in a study of the economic impacts on workers.

"News about migrants returning in significant numbers to their home countries have become more common, especially in cases where the economy of the host country sours," the UN population division said.

It said the exodus out of affluent countries by migrant workers is taking place from Poland to North America. World remittances by migrants have also dropped, from 17 percent of their wages between 2002 and 2006 to just seven percent of their wages in 2007 and 2008.

The total of all remittances sent home by migrants around the world amounted to about $283 billion in 2007.

Quoting World Bank figures, the UN projected a further drop or stagnation of remittances in 2009 and a possible recovery in 2010.

The survey gave anecdotal evidence of the retreat by migrants, but offered few specifics. It said about 21,000 Hispanic immigrants in the US lost jobs in the construction sector in 2007 and salaries of those having jobs have also dropped.

The US economic meltdown has slowed down the flow of illegal migrants, with apprehensions at the southern US border dropping by 39 percent in 2008 compared with the peak of arrests in 2005.

"Recession fears are affecting the numbers of persons trying to get entry under special programmes as well," the UN said.

It said Filipino nationals seeking nursing certificates to work in the US had not increased from 2007 to 2008 after years of high numbers of entries.
EMAIL THIS NEWS COMMENTS No comments yet

LEAVE YOUR COMMENT
Name (required)
Email (required but will not be published)
Website (e.g. www.dmanewsdesk.com)
City
Comment (required)
International Economic meltdown sends large number of migrants home:UN Will G20 take us out of the woods? My presidency will mark new chapter on climate change: Obama Will Bill Clinton block Hillary's choice as top diplomat? Obama victory infuses fresh hope in overseas Indians Bush seeks continuation of free and open market policies World summit aims at closing gaps in finance market rules World financial crisis can't be solved overnight: Bush Historic G20 summit hopes to head off global recession Air New Zealand announces test flight using new biofuel World's largest banking lobby seeks more measures to avert recession Economy likely to dominate Obama-Bush discussion Obama phones Zardari, discusses terrorism Obama to work with Bush in confronting economic crisis Global recession in 2009, forecasts IMF Self-diagnosing aircraft can help ward off unnecessary hard landings Indian Australian scientist promotes green plastics Crossing lines, breaking barriers, Obama brings change to America 'Obama win gives hope to Indian American politicians' Barack Obama wins US presidential election
  1  2  3  4  5  6  7  8  9  10  11  12  13  14  15  16  17  18  19  20  21  22  23  24  25  26  27  28  29  30  31  32  33  34  35  36  37  38  39  40  41  42  43  44  45 
 NEXT