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Asian Migrants to the United States Asian Migrants to the United States
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Asian Migration in Perspective Asian Migration in Perspective
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Migration and Development: The 3RS Migration and Development: The 3RS
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Recruitment: Virtuous and Vicious Circles Recruitment: Virtuous and Vicious Circles
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Remittances: Shortcut for Development? Remittances: Shortcut for Development?
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Returns: Entrepreneurs or Retirees? Returns: Entrepreneurs or Retirees?
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Migration and Development in Asia Migration and Development in Asia
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Philippines Philippines
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India India
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China China
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Other Asian Countries Other Asian Countries
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Conclusions Conclusions
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References References
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10 Asian Migration to the United States: Development Implications for Asia
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Published:July 2013
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Abstract
This chapter explores the developmental consequences of Asian migration to the United States by highlighting the three Rs of the migration-development nexus: recruitment, remittances, and returns. It argues that there is no automatic correlation between more migration and faster development and explains how migration can accelerate development in countries ready to grow or can perpetuate underdevelopment. It also considers how remittances can speed up development when the macroeconomic fundamentals are in place; that is, the implementation of a sound economic policy can give all residents, not only migrants, incentives to save and invest. Return migration, even when migrants bring home human and financial capital, cannot reverse per se the effects of deficient development policies. The best way for a migrant-sending country to maximize the developmental potentials of migration is to get the economic and institutional fundamentals right, which means having a growing economy, an appropriate exchange rate, a climate that fosters small investments, and respect for the rule of law and the rights of migrant workers.
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