16.06.2012
Global Mobility Unaffected by Financial Crisis, as Remittances Remained Resilient
The global financial crisis of 2008/09 has not sent migrant workers streaming back home, despite worsening employment prospects and anti-immigration rhetoric in some destination countries, says a new book on migration and remittances, published by the World Bank.
In fact, migrants may have mitigated some of the pain of the crisis as they tend to work for lower wages, receive fewer benefits and rely relatively little on the state, says the‘Migration and Remittances during the Global Financial Crisis and Beyond’ book.