International Remittances Literature: A Study in Bangladesh during the period of 1971-2020

Abstract

Remittance has become a major contributor to the Bangladeshi economy. As the emigrant workers from Bangladesh gradually increased over the years, the amount of annual remittance to the country significantly rose. In 1974, Wage Earners' Scheme was initiated in order to help the Non-resident Bangladeshis remit their earnings home through legal channels. The scheme soon became popular among the Bangladeshis working abroad.

Does Migration Theory Explain International Migration From Bangladesh? A Primer Review

“…In a review paper in the field of international migration, Khan and Sultana (2021) examined the impact of remittance sent through the legal channel on the amount of remittance sent in Bangladesh. They found a significant increase in remittance sent by the Bangladeshi expatriates.…”

Remittance Influx through Authorized Channels to Combat the Imminent Food Crisis in Bangladesh

“…Informal channels are the only options for irregular migrants because of their lack of documentation (Mannan, 2015). The Hundi system is preferred by many because of its quicker delivery, the scope of protecting confidentiality, and free of transaction charges (Khan, 2021). Sending money to the migrants" households faster is an important factor in opting for an informal system.…”