Key question: What are the benefits/challenges of the growing importance of remittances for LEDC's?

According to the IMF, remittances are growing rapidly and now represent the largest source of foreign income for many LEDC's in 2024.

In this task you will examine how globalisation has led to an increase in labour mobility and remittances.  

You will need to select a source country to examine the benefits and challenges of the growth of remittances on LEDC's.

Part 1. Introduction - Globalisation (200 words)

Briefly describe the impact of globalisation on labour mobility and the resulting growth in remittances.

1. Define globalisation / Quote

2. Globalisation is charecterised by 4 factors

3. A graph of world GDP since 1990 (Globalisation correlation)

4. Globalisation has led to an increase in (1) labour mobility and (2) remittances.

5. Optional - The core and the periphery

Part 2. Remittances (200 words)

Discuss the general advantages and disadvantages of the growth of remittances to LEDC's.

1. General definition of remittances

2. Table, graph or map: Total or largest  % GDP countries receiving remittances

3. Graph of growth in world remittances

4. The advantages of remittances

5. The disadvantages of remittances

6. Do remittances support development?

Part 3. Remittances in your country (600 words)

Assess the positive and negative impacts of remittances on a source country of your choice.

1. (Extremely) Brief country background

2. Map

3.  Indicator table (GDP per capita, population, life expectancy, remittances as a % of GDP, rural unemployment %)

4. Remittances graph country (World Bank or graph by author- see below)

5. Migrating to which host country?

6. Employment type in - host country

7. Impacts - Benefits/problems in source country

 Present your research as a multimodal presentation or report.

Globalisation investigation checklist - have I done the following?

• Annotated and explained my visual resources.

• Made a 'graph and or map by author'.

• Outlined the factors influencing labour mobility and remittance flows; including physical, social and economic factors.

• Used media reports and case studies to examine aspects of the benefits and problems associated with remittances.

• Used an abundance of annotated graphs, maps and tables to illustrate my findings

• Media cartoons and diagrams

• Included the bibliography