The migration Can bring many advantages (improvement of quality of life, professional development or contact with other cultures) and disadvantages (language barriers, exposure to possible discrimination or difficulty finding a job).. Migration is the population movement from one place to another, given by the change of residence in search of new personal and labor horizons. We take a closer look with one of the study authors, the However, no clear-cut conclusions on the sign and the size of the main migration effects can be derived from the available literature. As integral components for global development, migrants not just further the host country’s economic prosperity but also promote technological growth. Keeping this in mind, this paper will analyze the impact of migration on countries of origin by focusing on the role played by migrant workers’ remittances in stimulating local economic development. Recently the literature has taken a new direction by estimating the costs of migration restrictions to global economic efficiency. Sending money to home country The migrants send money to their home country. Finally, immigration can have a major economic impact on the source country. Initially after they arrive, they will need assistance for which they would borrow money and later when they … A home country must analyze immigration statistics to determine and address why citizens are moving to other countries. In the long-run, large amounts of immigration will weaken the home country by decreasing the population, the level of production, and economic spending. Migration economics has traditionally stressed the effects of migration restrictions on income distribution in the host country. Clemens and Pritchett (2016) assess the new economic case for migration restriction. Economic Impact of Migration and Remittances For some countries, money sent back in the form of remittances from migrant workers comprises a substantial portion of GDP and their balance of payments. A new macroeconomic study covering the last 30 years in Europe reveals that migration flows have had a positive effect on the economy. Environmental and economic factors affect population density, distribution and structure. Although the shorter-term effects of immigration on employment and wages that have typically been found in the empirical literature are small, migration may lead to large increases in wage income by enhancing FDI in the home and the host countries and productivity in the host country. Today, developing countries are home to more than one-third of the immigrants in the world. Economic Effects of Migration on the Home Country: A Simple Life-cycle Model OECD Development Centre It is impossible to generalise about the effects of migration on sending countries because the effects of emigration on their economies depend very much on their position within the migration cycle. Furthermore, the flow of asylum seekers, which has never previously been studied on such a scale, does not appear to have any detrimental effect on the public finances of host countries. The world population is growing rapidly. By migration the migrants are not confined to any one class of people but presumably they seek a better living condition in the new (home) country. Migration has positive and negative effects on a country or area. For very poor countries like Tajikistan, remittances make up nearly 50% of GDP so clearly it is very important for increasing GDP and living standards. Almost all countries try to increase the flow of foreign currencies and this can positively impact the economy of the original country, but in contrast, it affects the host country’s economy negatively. The economic impact of immigration on the host country has been the object of extensive theoretical research in economics. The International Organization for Migration recorded the number to be around 285 million in 2017 alone.