Thus, the surge in remittances is not a natural phenomenon and hoping for it to continue is not likely to be the case. Job cuts are quite frequent in many of the host countries, and as a result, the number of returnees is increasing. In Bangladesh, till December last, around three hundred thousand expatriate workers
Many economists, also outside the WTO, warn that the notion that less interdependence makes economies more resilient is wrong: autarky in food and other essentials would make countries more, not less, vulnerable to the economic consequences of localised crises such as droughts, hurricanes and earthquakes. Supply chain diversification, a more reasonable objective, would be better
What is alarming for the returnees is the utter lack of assurance whether they, even after a long time lag, can get back to work in those countries — in post-Corona times. While rehabilitating the economies would be the prime concern of the host countries — that too, with cautious spending, jobseekers from Bangladesh might
