1. Globalization and Remittances: the tradeoffs of interconnectedness Wayne W. Gammon III INT 301 Dr. Sharon 11-20-2015

2. Remittances Money from migrant workers sent to home country 413 Billion dollars in remittances in 2013

3. Why Remittances? Poor current conditions Sustainable work opportunities Lucrative opportunities Money to support family Hopes of a better future Increases international currency reserves

4. Filipino Slum

5. Macroeconomic Effects India: $25 billion 2006, $72 billion 2013 China:$24 billion Mexico:$24 billion Philippines $15 Billion

6. Stability: 2001

7. Stability: 2012

8. Difficulties Policies to aid remittance transactions Sound institutions offering protection Structural weakness of labor-exporting country

9. Overcoming Difficulties

11. Tradeoffs and Risks Familial bonds are tested, strained, and often broken Dependency on foreign immigration policy Failed remittances

12. Globalization Interconnectedness provides the opportunity for the production of remittances Cyclical and self-perpetuating Human wellbeing

13. Questions… ???

14. Works cited DeParle, Jason. "A Good Provider Is One Who Leaves." (2007): 1-19. Print. Fox, Jillian. "Africa's Mobile Economic Revolution." Theguardian.com. The Guardian, 23 July 2011. Web. 17 Nov. 2015. Glytsos, Nicholas P. "Dynamic Effects of Migrant Remittances on Growth: An Econometric Model with an Application to Mediterranean Countries." Center of Planning and Economic Research (2002): n. pag. JSTOR [JSTOR]. Web. 17 Nov. 2015. Nations, United. "Least Developed Countries Report 2012." United Nations Conference on Trade and Development (2012): n. pag. Web. 17 Nov. 2015. O'Neil, Kevin. "Labor Export as Government Policy: The Case of the Philippines." Migrationpolicy.org. N.p., 01 Jan. 2004. Web. 17 Nov. 2015. ”Overseas Workers Welfare Administration." OWWA. N.p., n.d. Web. 17 Nov. 2015. Ratha, Dilip. "The Hidden Force in Global Economics: Sending Money Home." TED Talk. TEDGlobal 2014. 24 Sept. 2015. Speech. Ratha, Dilip. "Worker's Remittances: An Important and Stable Source of External Development Finance." The Repository at St. Cloud State University (2005): n. pag. Web. 17 Nov. 2015. Stahl, Charles W. "Labor Emigration and Economic Development." Wiley Center for Migration Studies of New York (1982): n. pag. JSTOR [JSTOR]. Web. 17 Nov. 2015.