Bangladesh Remissen

By | March 21, 2021

According to thesciencetutor, Bangladesh is part of the South Asia sub-region (transliterated: Dakṣiṇ Eśiẏā). This also includes the countries Bhutan, India, the Maldives, Nepal, Pakistan and Sri Lanka. Depending on the organization in question, other countries bordering the aforementioned countries are also included in South Asia. In particular with its direct neighbors or its neighboring areas, Bangladesh has a lot in common in geographical, social, socio-economic and other respects, despite all its heterogeneity. This and the immediate neighborhood justify an insurmountable embedding in the South Asia region and extensive interactions between Bangladesh and its neighboring countries. A divided, long history of civilization can be demonstrated for the delta and all of South Asia, even if it has been poorly researched in some cases.

Bangladesh's situation in the world

Bangladesh’s situation in the world


Remissen (transliterated technical term: prabāsī-perita artha) are remittances from migrant workers who are gainfully employed abroad. They transfer part of their income to their home countries, where they mostly serve as financial support for their family members who have stayed there. This can also refer to former Bangladeshi citizens or their descendants abroad who have settled permanently abroad. Remissen therefore does not represent a separate “economic sector” according to the classic division, but are nevertheless often of enormous importance for the economies of the respective countries of origin of the migrant workers. In the case of Bangladesh, the remittances that flow into Bangladesh account for over 10% of the Bangladeshi economy.Central Bank of Bangladesh at approximately $ 12.4 billion. This amount, and thus the share of the remiss in the Bangladeshi economy, is almost on a par with the respective values of (incoming) foreign direct investments, government spending on development support or the annual turnover of the clothing industry and has sometimes even exceeded them. The four countries from which the highest total amounts of remittances came remained constant between 2017 and February 2020 – first Saudi Arabia, then the United Arab Emirates, the United States of America and fourth Kuwait. The number of those who go abroad for an often temporary job is estimated at between 226,000 and 500,000 people annually. It seems difficult to determine their exact number, among other things because the periods of their international activities overlap. For example, in 2008 alone, around 875,000 workers were recruited from Bangladesh. The countries in which most of the Bangladeshi migrant workers work do not necessarily coincide with the countries from which the highest sums of draws are transferred. Reasons for this are, for example, the differences between the countries with regard to the average per capita income, but also the activities that the workers pursue in the respective country. most Bangladeshi migrant workers are employed, followed by Saudi Arabia, Malaysia, Qatar, the United States of America, the United Kingdom, Kuwait, Bahrain and Italy. The place of work, the quality of the working conditions and the length of stay tend to depend on the training of the employed person. Migrant workers who have received little or no schooling are usually employed in the low-wage professions in the countries on the Persian Gulf or in Southeast Asia or seasonally move to other countries in South Asia, where the working conditions are comparatively poor and the work assignment lasts for a few months Years is limited. In these countries they dominated some professional groups. For example, Bangladeshi migrant workers who made up around 18% of Bangladeshi labor migrants globally in 2014, the most common domestic helpers or cleaners in some countries in the Middle East. More educated people are migrating to Europe, Australia and North America in particular. Around 60% of the Bangladeshi migrant workers are untrained or barely trained, mainly in the construction or service sector in the Gulf States and Southeast Asia. Since 1976, the remits have proven to be a stable source of income, on which global economic crises or an economic downturn in the respective working country had a comparatively small negative effect, at least in the past – measured by the sum of the remits per fiscal year. This means, that, for example, in the fiscal year 2009-2010 the total number of draws in Bangladesh did not decline, but its growth slowed somewhat compared to previous years. So far, the remittances to Bangladesh have rather fluctuated in combination with the oil price. Since most of the Bangladeshi migrant workers were and are gainfully employed in the Middle East, but there the financial crises combined with a drop in the oil price also temporarily slowed the construction boom, a fluctuation in the oil price affected the Bangladeshis working there with poorly paid jobs and thus those arriving in Bangladesh Remissen out.