Macroeconomic Impact of International Migration: A Case Study of Sri Lanka

Abstract

The remittances from Sri Lankan migrant workers have several positive and favourable outcomes. Worker remittances constitute the second largest source of foreign exchange to the country; they help in reducing the unemployment rates and contributes towards alleviating poverty in migrant households. These worker remittances also show several advantages when compared to other sources of foreign exchange. However, the adverse socio economic impacts of such migrations also cannot be ignored. This study aims to assess the macro economic impact of migration, and to examine the policy implications of such information.